This Retail Property is Off-Market.

1713 North Salina Street
Syracuse, NY 13208 ·

8,320 SF · Retail For Sale

N/A

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Brand New Family Dollar | Syracuse | 8 CAP

Price N/A Cap Rate 8%
Building Size 8,320 SF Occupancy 100%
Property Type Retail Tenancy Single
Property Sub-type Free Standing Bldg Lot Size 0.89 AC
Property Use Type Net Lease Investment with 10+ years left on lease
Listing ID: 17963997 Date Created: 01/02/2013 Last Updated: 02/09/2013

Description

The subject property is a brand new construction 10 year net leased Family Dollar in Syracuse, New York. Family Dollar has over 6,900 locations, $7.86 billion in sales and a net worth of $1.42 billion.

The asset benefits from Corporate Guarantee From Family Dollar Stores, Inc. ($7.86 Billion Sales / $1.42 Billion Net Worth) S&P BBB- Investment Grade Credit Tenant.

Syracuse is a city in and the county seat of Onondaga County, New York. It is the fifth most populous city in the state of New York. At the 2010 census, the city population was 145,170, (making it the 167th largest city in the country) and its metropolitan area had a population of 662,577. It is the economic and educational hub of Central New York, a region with over a million inhabitants. Syracuse is also well-provided with convention sites, with a downtown convention complex and, directly west of the city, the Empire Expo Center, which hosts the annual Great New York State Fair.

Highlights

  • S&P Rated BBB- Investment Grade Credit
  • Brand New 10 Year NN Lease- Landlord Responsible for Roof and Structure
  • 10% Increases in Each of the 4- 5 Year Option Periods
  • Dense Infill Location- Asset Sits Less Than One Mile from Destiny USA- a 4 Story Super Regional Mall - 6th Largest in the Nation
  • Rare Opportunity to Acquire a Net Leased Asset Backed by Investment Grade Credit in Syracuse, NY
  • Syracuse Metropolitan Statistical Area Population Exceeds 660,000 People

Research

1713 North Salina Street, Syracuse, NY 13208 (Onondaga County)

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