3125 Erie Blvd E - Freestanding FOR SALE


East Syracuse, NY 13057
$1,550,000 USD
315-424-1111
3125 Erie Blvd E, East Syracuse, NY for Sale
$1,550,000 USD
Freestanding - FOR SALE
1/3
null | 7.73% Cap Rate

3125 Erie Blvd E
East Syracuse, NY 13057


HIGHLIGHTS

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

OVERVIEW

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!

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$258 USD /SF

CAP RATE

7.73%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

05

APN/PARCEL ID

312601-009-000-0008-006-000-0000

ASK ABOUT THIS PROPERTY

Barton FeinbergSutton Real Estate Company, LLCMore Info
315-424-1111

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Barton FeinbergSutton Real Estate Company, LLCMore Info
315-424-1111

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