Historical Retail Sale Listing - Brand New Family Dollar | Syracuse | 8 CAP

Retail For Sale

This Retail property is Off-Market. Search below to find active commercial real estate for sale or lease.

Browse More Listings in Retail For Sale, Syracuse, NY or New York

Brand New Family Dollar | Syracuse | 8 CAP

1713 North Salina Street, Syracuse, NY 13208

N/A

8,320 SF | Retail

  • Print

Retail Property - Off Market

Price:
N/A
Building Size:
8,320 SF
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Property Use Type:
Net Lease Investment with
10+ years left on lease
Cap Rate:
8%
Occupancy:
100%
Tenancy:
Single
Lot Size:
0.89 AC
Listing ID
17963997
Last Updated
over 1 year ago

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

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.

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

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

  • Demographics – Population, income & other demographics near 1713 North Salina Street
  • Research Price – Recent sales of similar properties
  • Property Record Data – Historical listings, current tax, mortgage, owners & tenant info for this building