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232 Grant Ave
Auburn, NY 13021
New Take 5 | 305+ Unit Guarantor | 15+ Years · Retail Property For Sale
Investment Highlights
- Brand-new, build-to-suit construction asset
- Superior guarantor and operator | Lease is backed by Purple Square Management, LLC which has 305+ stores opening and operating throughout 15 states
- Directly across the street from Auburn Plaza | Anchored by ALDI, Habor Freight and Marshalls
- New, 15-year & 4-month, absolute NNN lease | Zero Landlord responsibilities
- Excellent access and visibility from Grant Avenue which sees ±29,580 VPD
- Strong, 10% rental increases every 5 years throughout the initial term and options | 7.74% Avg CAP assuming purchase at List Price
Property Facts
Property Type
Retail
Property Subtype
Building Size
1,324 SF
Building Class
B
Year Built
2025
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.56 AC
Zoning
HC - Highway Commercial
Parking
6 Spaces (4.53 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 050100-109-064-0001-002-000-0000 | Improvements Assessment | $0 |
| Land Assessment | $76,400 | Total Assessment | $76,400 |
Property Taxes
Parcel Number
050100-109-064-0001-002-000-0000
Land Assessment
$76,400
Improvements Assessment
$0
Total Assessment
$76,400
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