372 W Pulteney St - Restaurant FOR SALE


Corning, NY 14830
$5,033,333 USD
973-632-1386
372 W Pulteney St, Corning, NY for Sale
$5,033,333 USD
Restaurant - FOR SALE
1/10
null | 6% Cap Rate

372 W Pulteney St
Corning, NY 14830


HIGHLIGHTS

  • 11+ Years WALT | Options To Extend | 100% Occupied | Established National Brands | Strong-Performing Stores
  • Adjacent To Tops-Anchored Center | Dense Retail Corridor
  • Signalized, Hard Corner Intersection | Prime Visibility & Access | Proximity To I-86 (33,000 VPD)
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in a multi-tenant retail investment property located in Corning, New York. The center is 100% occupied by established national brands and features over 11 years of remaining weighted average lease term (WALT), with each tenant benefiting from multiple 5-year renewal options, supporting long-term income stability. The stores rank well within their respective brands, with Jersey Mike’s in the 93rd percentile nationally and Starbucks in the 68th percentile, per Placer.ai (Chipotle opened too recently for reliable data).

FOR SALE DETAILS

PRICE

$5,033,333 USD

PRICE/SF

$756 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multi-Tenant Retail Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

56

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

CONF

APN/PARCEL ID

463801-299-018-0001-049-000

ASK ABOUT THIS PROPERTY

Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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