355 S 2nd St - Storefront FOR SALE


Fulton, NY 13069
$900,000 USD
713-775-8899
355 S 2nd St, Fulton, NY for Sale
$900,000 USD
Storefront - FOR SALE
1/2
null | 6.67% 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 lease commenced in 2016 and the current term extends through 2027. The tenant has four two-year renewal options with two 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

$900,000 USD

PRICE/SF

$500 USD /SF

CAP RATE

6.67%

% 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

8,996 SF

ZONING

C2

APN/PARCEL ID

236.80-02-12

ASK ABOUT THIS PROPERTY

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

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

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