260 Tompkins St
Cortland, NY 13045
Retail Property For Sale

The Cayuga Health Medical Facility in Cortland, NY is a newly constructed 21,200 SF Class A healthcare center delivered in 2022. Cayuga Health is a leading regional healthcare system with hospitals and outpatient centers that serve a wide swath of communities across the Finger Lakes and Central New York. The lease runs through 2034 with corporate guarantee and built-in annual rent escalations beginning in Year 6, providing investors with reliable long-term income. Cayuga Health anchors its network with Cayuga Medical Center in Ithaca, a full-service teaching hospital, and Schuyler Hospital, a critical access facility in Montour Falls. These hospitals, together with an expanding network of specialty practices and outpatient clinics, position Cayuga Health as the dominant provider of care across multiple counties. Services range from advanced cardiology, oncology, and orthopedics to comprehensive primary care and preventative health programs — all integrated through a seamless patientcentered model.
The Cortland facility consolidates more than a dozen specialty practices under one roof, including Cayuga Surgical Specialists, Cayuga Heart and Vascular, and infectious disease services. Purpose-built with expansion capacity — and with the tenant already expressing interest in additional square footage — the asset is well aligned with national trends toward outpatient growth and preventative care. By combining hospital-level resources with a broad network of outpatient services, Cayuga Health provides investors with a mission-critical tenant, stable long-term cash flow, and built-in growth potential within a resilient, recession-resistant asset class.