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3125 Erie Blvd E
6,000 SF Retail Building East Syracuse, NY 13057 $1,650,000 ($275/SF) 6.89% Cap Rate
Investment Highlights
- FedEx Corporation (S&P:BBB) Lease Guarantee
- Two – Five Year Renewal Options
- 25 Years of Occupancy with Approximately Nine Years Remaining on NNN Lease
- Year Built 1999 with a Complete Renovation in 2023
Executive Summary
Property Facts
Amenities
- Bus Line
- Pylon Sign
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Services
- 6,000 SF
- -
- Triple Net
- Dec 2032
The FedEx strategy to compete collectively, operate collaboratively and innovate digitally provides a competitive advantage for their company. FedEx's broad portfolio of services allows them to meet the needs of their customers, most of whom use services from several of their operating companies. FedEx has grown tremendously since its first night of operations. FedEx Express, FedEx Ground, FedEx Freight and FedEx Services show segment revenue. Other and eliminations includes revenue from FedEx Logistics, FedEx Office and FedEx Dataworks (including ShopRunner, Inc.). For decades, FedEx has been innovating to deliver more for their clients, strengthening supply chains with their global network. They are simplifying logistics, enhancing tracking and visibility, and using data from every journey to make the experience of their clients better.
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
Services | 6,000 SF | - | Triple Net | Dec 2032 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
FedEx is downsizing in this freestanding building, offering 3,000 SF of retail space ready for a new tenant! There is ample parking available, as well as great frontage and a pylon sign.
Space | Size | Space Use | Position | Available |
1st Floor | 3,000 SF | Retail | End Cap | Now |
1st Floor
Size |
3,000 SF |
Space Use |
Retail |
Position |
End Cap |
Available |
Now |
1st Floor
Size | 3,000 SF |
Space Use | Retail |
Position | End Cap |
Available | Now |
FedEx is downsizing in this freestanding building, offering 3,000 SF of retail space ready for a new tenant! There is ample parking available, as well as great frontage and a pylon sign.
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 312601-009-000-0008-006-000-0000 | Improvements Assessment | $895,000 |
Land Assessment | $150,000 | Total Assessment | $1,045,000 |
PROPERTY TAXES
Presented by
3125 Erie Blvd E
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