1701 N Salina St
Syracuse, NY 13208
Newer Const. Family Dollar | Syracuse,NY · Retail Property For Sale

Marcus & Millichap, on behalf of ownership as its exclusive advisor, is pleased to bring to market Family Dollar in Syracuse, New York. This freestanding store measures 8,000-square-feet and is situated on 0.98 acres. Constructed in 2013, the property features an enhanced all-brick urban design. Family Dollar currently has over 3.5 years remaining on their lease, which expires in June 2022. There are four, five-year renewal options with rent increases in each. As a double net lease, there are minimal landlord roof and structure responsibilities. Dollar Tree purchased Family Dollar in 2015, and is ranked #134 on the 2017 Fortune 500 and has a current market capitalization of $19.47 Billion. Located along N Salina Street, Family Dollar sits just 2 miles northwest of Downtown Syracuse, New York, whose MSA is home to a population of 660,000. The area surrounding the property is extremely dense, with 21,637 residents within one mile, 133,927 residents within three miles, and 213,608 residents within five miles. Traffic counts are strong, with 33,000 cars per day at the adjacent intersection of Hiawatha Boulevard and N Salina Street. Additionally, the subject property is just off of the entrance/exit ramps to Interstate 81 which sees 93,000 cars per day. Less than one-half mile from the property is Destiny USA, a 2.4-millionsquare- foot, super-regional shopping and entertainment complex with over 300 retailers with major tenants including JCPenney, Macy’s, Dick’s Sporting Goods, Best Buy, Nordstrom Rack, Saks Off 5th, IMAX, Michaels, Ulta, T.J. Maxx, DSW, Five Below, and many other specialty retailers. Destiny USA is the largest shopping center in New York and includes outlet and factory stores as well, drawing consumers from the entire central New York region. Additionally, the property is within 0.2 to 0.7-mile of the Central New York Regional Market, Syracuse Amtrak Station, and NBT Bank Stadium.