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3125 Erie Blvd E 6,000 SF 100% Leased Retail Building East Syracuse, NY 13057 $1,550,000 ($258.33/SF) 7.73% Cap Rate

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INVESTMENT HIGHLIGHTS

  • FedEx Corporation (S&P:BBB) Lease Guarantee
  • Two – Five Year Renewal Options
  • 25 Years of Occupancy with Approximately Eight Years Remaining on NNN Lease
  • Year Built 1999 with a Complete Renovation in 2023

EXECUTIVE SUMMARY

Introducing a prime investment opportunity at 3115-3117 Erie Blvd. E., DeWitt, NY 13214! This property boasts a solid tenant in FedEx Corporation (S&P:BBB) with a cap rate of 7.73% and a long history of occupancy with approximately eight years left on its NNN lease term. Featuring a 6,000 sq ft building that underwent a complete renovation in 2023, this property also offers convenient parking with 30+ spaces. Located in a high-traffic area with excellent demographics, the property benefits from a densely populated surrounding area, ensuring a steady flow of potential customers for any business. With strong daytime employee and household numbers nearby, this investment promises both stability and growth potential. Don't miss out on this lucrative opportunity to add a reliable income stream to your portfolio!

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,000 SF
Building Class
B
Year Built/Renovated
1999/2022
Price
$1,550,000
Price Per SF
$258.33
Cap Rate
7.73%
NOI
$119,788
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.56 AC
Zoning
05 - Commercial
Parking
30 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
200’ on Erie Blvd

AMENITIES

  • Bus Line
  • Pylon Sign

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

FedEx Office maintains its corporate headquarters at 7900 Legacy Drive in Plano, Texas, serving as the administrative center for its nationwide network of print and ship locations. The organization operates as a division of FedEx Corporation, supporting retail printing, document services, and domestic and international parcel shipping through FedEx Express and FedEx Ground. In addition to shipping solutions, the division oversees services such as digital printing, signage, graphics, computer access, and document finishing. The headquarters manages operational strategy for more than a thousand FedEx Office locations across multiple regions. Publicly available information indicates that this Plano site functions as the central office rather than a public-facing retail center. FedEx Corporation, the parent company, is publicly traded under the ticker FDX.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Services 99,999 SF - Lorem Ipsum Jan 0000

NEARBY MAJOR RETAILERS

Cross Fit Syracuse
Crunch Fitness
Sky Zone
Olive Garden
Five Guys
Texas Roadhouse
Orangetheory Fitness
My Gym
Community Bank
KeyBank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
312601-009-000-0008-006-000-0000
Land Assessment
$150,000
Improvements Assessment
$957,700
Total Assessment
$1,107,700
  • Listing ID: 33270890

  • Date on Market: 9/23/2024

  • Last Updated:

  • Address: 3125 Erie Blvd E, East Syracuse, NY 13057

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