Investment Sale Opportunity, 8.5 CAP | 9 Mechanic St
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Investment Sale Opportunity, 8.5 CAP 9 Mechanic St
13,943 SF 100% Leased Retail Building Jordan, NY 13080 $999,000 ($72/SF) 8.50% Cap Rate
Executive Summary
9 Mechanic Street is a fully leased, 13,943 square foot retail building in the Village of Jordan, a suburb of Syracuse, New York. The facility is fully leased by two tenants: 1) Family Dollar which began occupancy in 2018; and 2) The United States Postal Service (USPS)
Stability and income potential with 9 Mechanic Street, a meticulously maintained retail building located in the charming Village of Jordan, just outside Syracuse, New York. Boasting a prime location and fully leased by two reputable tenants, this property represents a rare investment opportunity.
Key Features:
Prime Location: Situated in the heart of the Village of Jordan, this retail building enjoys high visibility and accessibility in area..
Fully Leased: Benefit from stable and consistent income streams with both retail spaces fully leased to reputable tenants.
Family Dollar Tenant: The building boasts a long-term lease with Family Dollar, a national retail chain, providing steady rental income since 2018. Family Dollar's presence further enhances the property's appeal and ensures consistent foot traffic.
United States Postal Service (USPS) Tenant: Additionally, the property is leased to the United States Postal Service (USPS), offering further stability and reliability. With the USPS as a tenant, investors can rest assured of consistent rental payments and a secure investment.
Spacious Interior: Spanning 13,943 square feet, the retail building offers ample space for both tenants to operate their businesses efficiently and cater to the needs of the local community.
Well-Maintained: The property has been meticulously maintained, ensuring a pristine and inviting environment for tenants and customers alike.
Stable Investment: With two reputable tenants in place and a proven track record of occupancy, this property presents a highly stable investment opportunity with promising returns.
Whether you're a seasoned investor seeking a reliable income stream or a newcomer looking to diversify your portfolio, 9 Mechanic Street stands as a testament to stability, longevity, and financial prosperity. Don't miss out on the chance to add this prime retail building to your investment portfolio and capitalize on the thriving commercial landscape of Syracuse, New York.
Stability and income potential with 9 Mechanic Street, a meticulously maintained retail building located in the charming Village of Jordan, just outside Syracuse, New York. Boasting a prime location and fully leased by two reputable tenants, this property represents a rare investment opportunity.
Key Features:
Prime Location: Situated in the heart of the Village of Jordan, this retail building enjoys high visibility and accessibility in area..
Fully Leased: Benefit from stable and consistent income streams with both retail spaces fully leased to reputable tenants.
Family Dollar Tenant: The building boasts a long-term lease with Family Dollar, a national retail chain, providing steady rental income since 2018. Family Dollar's presence further enhances the property's appeal and ensures consistent foot traffic.
United States Postal Service (USPS) Tenant: Additionally, the property is leased to the United States Postal Service (USPS), offering further stability and reliability. With the USPS as a tenant, investors can rest assured of consistent rental payments and a secure investment.
Spacious Interior: Spanning 13,943 square feet, the retail building offers ample space for both tenants to operate their businesses efficiently and cater to the needs of the local community.
Well-Maintained: The property has been meticulously maintained, ensuring a pristine and inviting environment for tenants and customers alike.
Stable Investment: With two reputable tenants in place and a proven track record of occupancy, this property presents a highly stable investment opportunity with promising returns.
Whether you're a seasoned investor seeking a reliable income stream or a newcomer looking to diversify your portfolio, 9 Mechanic Street stands as a testament to stability, longevity, and financial prosperity. Don't miss out on the chance to add this prime retail building to your investment portfolio and capitalize on the thriving commercial landscape of Syracuse, New York.
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- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
13,943 SF
Building Class
C
Year Built/Renovated
1968/2023
Price
$999,000
Price Per SF
$72
Cap Rate
8.50%
NOI
$84,915
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.16
Lot Size
2.00 AC
Zoning
05
Parking
50 Spaces (3.59 Spaces per 1,000 SF Leased)
Frontage
178 FT on Mechanic St
PROPERTY TAXES
| Parcel Number | 312803-006-000-0001-006-000-0000 | Improvements Assessment | $212,500 |
| Land Assessment | $37,500 | Total Assessment | $250,000 |
PROPERTY TAXES
Parcel Number
312803-006-000-0001-006-000-0000
Land Assessment
$37,500
Improvements Assessment
$212,500
Total Assessment
$250,000
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Investment Sale Opportunity, 8.5 CAP | 9 Mechanic St
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