355 S 2nd St - Storefront FOR SALE


Fulton, NY 13069
$850,000 USD
713-775-8899
355 S 2nd St, Fulton, NY for Sale
$850,000 USD
Storefront - FOR SALE
1/2
null | 7.06% Cap Rate

355 S 2nd St
Fulton, NY 13069


HIGHLIGHTS

  • Lease Guaranteed by Prime Comms Retail LLC: Largest AT&T Authorized Retailer in the United States
  • Near Main Thoroughfare of Fulton, New York
  • Triple-Net Lease
  • National Retailers Nearby

OVERVIEW

Marcus & Millichap is pleased to exclusively offer for sale a freestanding AT&T store operated by Prime Communications, the largest AT&T Authorized Retailer in the United States. The subject property is located at 355 South 2nd Street in Fulton, New York. The AT&T features a triple-net lease, with landlord responsibilities only consisting of roof and structure repair/replacement. This 1,600-square-foot, freestanding building is near Country Road 3, which sees 18,870 vehicles per day. The Country Road 3 bridge provides access over the Oswego River, driving traffic through Fulton. Nearby retailers include Wendy’s, Dunkin Donuts, Burger King, and Arby’s. The original move-in date was 2016, and the current term extends five years from closing. The tenant has two five-year renewal options with 10 percent increases per renewal option. The lease is guaranteed by Prime Comms Retail, LLC, the largest AT&T authorized retailer in the nation (2,000 locations).

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$531 USD /SF

CAP RATE

7.06%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AT&T - Fulton, NY

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

C2

APN/PARCEL ID

236.80-02-12

ASK ABOUT THIS PROPERTY

Alex Wolansky, CCIMMarcus & MillichapMore Info
713-775-8899

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

Alex Wolansky, CCIMMarcus & MillichapMore Info
713-775-8899

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