323 Oriskany Blvd - Freestanding FOR SALE


Yorkville, NY 13495
$1,330,000 USD
508-272-0585
323 Oriskany Blvd, Yorkville, NY for Sale
$1,330,000 USD
Freestanding - FOR SALE
1/5
null | 7.5% Cap Rate

323 Oriskany Blvd
Yorkville, NY 13495


HIGHLIGHTS

  • 20+ YEARS OF CONTINUOUS OCCUPANCY - Advance Auto Parts has operated continuously at this location since 2003, demonstrating long-term commitment to th
  • INVESTMENT-GRADE TENANT | NATIONAL MARKET LEADER - Leased to Advance Auto Parts (NYSE: AAP), one of the nation's largest automotive aftermarket retail
  • CORPORATE-GUARANTEED LEASE WITH RENT GROWTH - Corporate-guaranteed NN lease with approximately 6 years remaining and 7% rental increases throughout ea

OVERVIEW

- 20+ YEARS OF CONTINUOUS OCCUPANCY - Advance Auto Parts has operated continuously at this location since 2003, demonstrating long-term commitment to the site and validating the strength of the underlying real estate. - INVESTMENT-GRADE TENANT | NATIONAL MARKET LEADER - Leased to Advance Auto Parts (NYSE: AAP), one of the nation's largest automotive aftermarket retailers with over 4,200 locations nationwide and a BBB- credit rating. - CORPORATE-GUARANTEED LEASE WITH RENT GROWTH - Corporate-guaranteed NN lease with approximately 6 years remaining and 7% rental increases throughout each option period. - HIGH-TRAFFIC RETAIL CORRIDOR | 21,359 VPD - Positioned along Oriskany Boulevard, one of the primary commercial corridors serving the Utica-Rome MSA, alongside Aldi, Wendy's, Taco Bell, AutoZone, Safelite and numerous additional national retailers. - SERVING 107,000+ RESIDENTS WITHIN FIVE MILES - Located just two miles from Downtown Utica, the property serves one of the region's largest population bases with more than 107,000 residents and nearly 57,300 employees within a five-mile radius. - AGING U.S. VEHICLE FLEET SUPPORTS LONG-TERM DEMAND - The average age of U.S. vehicles has reached a record 12.8 years, supporting durable long-term demand for automotive replacement parts and maintenance.

FOR SALE DETAILS

PRICE

$1,330,000 USD

PRICE/SF

$182 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Advance Auto Parts - Yorkville, NY

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair, Service Station, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

C

APN/PARCEL ID

305-019-0002-001-000-0000

ASK ABOUT THIS PROPERTY

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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