3852 State Route 31 - Freestanding FOR SALE


Liverpool, NY 13090
$3,425,000 USD
313-287-4673
3852 State Route 31, Liverpool, NY for Sale
$3,425,000 USD
Freestanding - FOR SALE
1/26
null | 6% Cap Rate

3852 State Route 31
Liverpool, NY 13090


OVERVIEW

•            Net Lease Two Tenant Property •            Occupied by Chipotle and Verizon •            Both Tenants have Exercised Lease Extension Options through 2028 •            Chipotle has Three 5 Year Extensions Remaining; Verizon has One 5 Year Lease Extension Remaining Which Includes 10% Rent Increases at Renewal •            Property Benefits from being well Located within Densely Populated Retail Corridor Anchored by Lowes and Hobby Lobby •            Verizon is a Top-Performing Location, Ranked #15 out of 4,998 Stores. Chipotle also Performs well, Placing in the top 25% of all Chipotle Locations (Based on Placer AI Data) •            The 2.8 Acre Outlot Site Offers Versatile Redevelopment Potential, Making it Ideal for a Range of Future Retail or Mixed-Use Concepts

FOR SALE DETAILS

PRICE

$3,425,000 USD

PRICE/SF

$567 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.8 AC

LAND SF

121,968 SF

ZONING

Commercial

APN/PARCEL ID

312489-053-000-0001-024-002-0000

ASK ABOUT THIS PROPERTY

Jack MeltonGerdom Realty & InvestmentMore Info
313-287-4673

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

Jack MeltonGerdom Realty & InvestmentMore Info
313-287-4673

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