3034 East Ave - Freestanding FOR SALE
Central Square, NY 13036 |
$1,022,277 USD
917-697-3215
3034 East Ave
Central Square, NY 13036
HIGHLIGHTS
- Passive Investment – Triple Net Lease | The property is subject to a Triple-Net (NNN) lease with zero landlord responsibilities
- Major Economic Driver – Micron Technology | Micron Technology is investing $100 billion into a new semiconductor manufacturing facility
- Strong Academic Presence – Syracuse University | Syracuse University, with an enrollment of approximately 22,700 students
OVERVIEW
Surmount is pleased to present the exclusive listing for a Napa Auto Parts located at 3034 East Avenue, Central Square, New York 13036. The site consists of roughly 5954 rentable square feet of building space on an estimated 1.09-acre parcel of land. This Napa Auto Parts is subject to a 16-year Triple Net (NNN) lease, which commenced 2/18/2014. The current annual rent is $66,448 and has scheduled increases of ~7.50% in Each Option.
FOR SALE DETAILS
PRICE
$1,022,277 USD
PRICE/SF
$172 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Napa Auto Parts
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1996
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.09 AC
LAND SF
47,480 SF
ZONING
-
APN/PARCEL ID
353201-276-007-0001-024-000-0000
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917-697-3215
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917-697-3215
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