606 Butternut St - Freestanding FOR SALE


Syracuse, NY 13208- Northside
$1,325,000 USD
424-405-3826
606 Butternut St, Syracuse, NY for Sale
$1,325,000 USD
Freestanding - FOR SALE
1/4
null | 7.62% Cap Rate

606 Butternut St
Syracuse, NY 13208
Northside


HIGHLIGHTS

  • Corporate guaranteed double net lease with four years of base term remaining, two five-year options, and rent increases at each option
  • Strong location at a five-way signalized intersection in the heart of Syracuse across from a Burger King, Rite Aid, Save-a-Lot, and Family Dollar
  • Store ranks well above average in Placer.ai search
  • Located 1.5 miles from Syracuse University (22,000+ students) and SUNY Upstate Medical Center, the region's largest employer
  • Within a half-mile of Interstate 81 (90,780 VPD) and one mile of Interstate 690 (66,521 VPD

OVERVIEW

Marcus & Millichap is pleased to present to market the exciting opportunity to acquire the double net leased Dollar General located at 606 Butternut Street in Syracuse, New York. The property is well-located at a five-way signalized intersection in the heart of Syracuse, proximate to two heavily trafficked interstates, and near Syracuse University. This Dollar General location ranks above average in a Placer search, making it a great option for an investor looking for a low-maintenance net lease acquisition opportunity occupied by an investment grade tenant.

FOR SALE DETAILS

PRICE

$1,325,000 USD

PRICE/SF

$121 USD /SF

CAP RATE

7.62%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,806 SF

ZONING

20

APN/PARCEL ID

311500-016-000-0002-001-011-0000

ASK ABOUT THIS PROPERTY

Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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