Mohawk Acres Portfolio Retail FOR SALE


Rome, NY
$5,162,000 USD
929-229-2614
, Rome, NY for Sale
$5,162,000 USD
Retail - FOR SALE
1/13
null | 5.85% Cap Rate

Mohawk Acres Portfolio
Rome, NY


HIGHLIGHTS

  • 10.5+ Years WALT | New Construction | Two Buildings On Separate Parcels
  • Outparcel To Mohawk Acres Plaza | Dense Retail Corridor
  • Signalized, Hard Corner Intersections | Excellent Accessibility
  • Proximity To Major Institutional & Medical Anchors
  • Positive Federal Policy Shift For Cannabis Operators

OVERVIEW

SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the fee simple interest in a multi-tenant retail asset consisting of two adjacent parcels in Rome, New York. The offering includes Chipotle (15-year lease), a free-standing Starbucks (10-year lease), and CanaPlanet (7-year lease), with over 10.5 years of weighted average lease term (WALT) remaining. Each tenant has scheduled rental increases and options to extend, supporting stable, long-term income. CanaPlanet stands to benefit from the pending federal reclassification of cannabis to Schedule III, which would eliminate IRS Section 280E and improve operator cash flow and rent coverage.

ASK ABOUT THIS PROPERTY

Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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