246 Genesee St - Freestanding FOR SALE


Oneida, NY 13421
$1,804,746 USD
424-321-6547
246 Genesee St, Oneida, NY for Sale
$1,804,746 USD
Freestanding - FOR SALE
1/6
null | 5.9% Cap Rate

246 Genesee St
Oneida, NY 13421


HIGHLIGHTS

  • Close Proximity to Major Casino with more that 4.5 Million Visitors Per Year
  • Absolute NNN Lease - Zero Landlord Responsibilities
  • Full Corporate Guaranteed Lease
  • Long Term - Passive Ownership Lease
  • High Traffic Location with Approximately 25,000 Vehicles Passing the Site Per Day
  • Near New York State Trooper Headquarters and Oneida Hospital

OVERVIEW

Arby’s | Oneida, New York | Corporate Guarantee | Long-Term NNN Lease | High-Traffic Location | Near Turning Stone Resort Casino This Arby’s presents the opportunity to acquire a well-positioned, single-tenant net lease investment located along Genesee Street (NY Route 5), one of the primary commercial corridors serving Oneida, New York. The property benefits from excellent visibility, convenient access, strong traffic counts, and a surrounding concentration of national and regional retailers, restaurants, healthcare facilities, and major employers. The property is subject to a long-term triple-net (NNN) lease with approximately 11+ years remaining on the primary term and is backed by a corporate guarantee. The lease structure provides investors with passive, predictable income and minimal landlord responsibilities, while contractual rental increases provide additional income growth over the term. A major attribute of the location is its proximity to Turning Stone Resort Casino, one of Central New York’s premier gaming, entertainment, hospitality, and tourism destinations. The resort attracts significant year-round visitation to the greater Oneida/Verona market and serves as an important regional economic and tourism driver. The Arby’s is strategically positioned along the high-traffic Genesee Street/Route 5 corridor and features a drive-thru configuration with strong frontage and visibility. The surrounding commercial corridor includes numerous established national and regional retailers and restaurants, further supporting consistent consumer traffic. The combination of a corporate guarantee, long-term NNN lease, contractual rent growth, high-traffic commercial location, and proximity to Turning Stone Resort Casino makes this an attractive opportunity for investors seeking durable, passive net lease income in Central New York.

FOR SALE DETAILS

PRICE

$1,804,746 USD

PRICE/SF

$602 USD /SF

CAP RATE

5.9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

36,876 SF

ZONING

LI

APN/PARCEL ID

251201-038-056-0001-038-011-0000

ASK ABOUT THIS PROPERTY

Joel CukierMalchus Real EstateMore Info
424-321-6547

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Joel CukierMalchus Real EstateMore Info
424-321-6547

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.