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Investment Highlights

  • FedEx Corporation (S&P:BBB) Lease Guarantee
  • Two – Five Year Renewal Options
  • 25 Years of Occupancy with Approximately Eight Years Remaining on NNN Lease
  • Year Built 1999 with a Complete Renovation in 2023

Executive Summary

Introducing a prime investment opportunity at 3115-3117 Erie Blvd. E., DeWitt, NY 13214! This property boasts a solid tenant in FedEx Corporation (S&P: BBB) with a cap rate of 7.5% and a long history of occupancy with approximately seven years left on its NNN lease term plus 2–5-year renewal options. Featuring a 6,000 sq ft building that underwent a complete renovation in 2023, this property also offers convenient parking with 30+ spaces. Located in a high-traffic area with excellent demographics, the property benefits from a densely populated surrounding area, ensuring a steady flow of potential customers for any business. With strong daytime employee and household numbers nearby, this investment promises both stability and growth potential. Don't miss out on this lucrative opportunity to add a reliable income stream to your portfolio!

Data Room Click Here to Access

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,000 SF
Building Class
B
Year Built/Renovated
1999/2022
Price
$1,500,000
Price Per SF
$250
Cap Rate
7.50%
NOI
$112,500
Percent Leased
50%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.56 AC
Zoning
05 - Commercial
Parking
30 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
200’ on Erie Blvd

Amenities

  • Bus Line
  • Pylon Sign

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

FedEx Office began in 1970 as Kinko’s, a copy shop founded in California that grew into a retail services chain. FedEx later acquired the business and rebranded it as FedEx Office, folding the chain into a broader portfolio of shipping and business services. FedEx Office offers copying, digital printing, finishing, signs, computer rental, packing, shipping, and hold-at-location services, along with online print ordering and in-store support. The company serves personal and business customers through a mix of self-service and full-service offerings, including document handling, passport photos, scanning, faxing, and custom print projects.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Services 99,999 SF - Lorem Ipsum Jan 0000

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 3,000 SF
  • Retail
  • End Cap
  • Now

FedEx is downsizing in this freestanding building, offering 3,000 SF of retail space ready for a new tenant! There is ample parking available, as well as great frontage and a pylon sign.

Space Size Space Use Position Available
1st Floor 3,000 SF Retail End Cap Now

1st Floor

Size
3,000 SF
Space Use
Retail
Position
End Cap
Available
Now

1st Floor

Size 3,000 SF
Space Use Retail
Position End Cap
Available Now

FedEx is downsizing in this freestanding building, offering 3,000 SF of retail space ready for a new tenant! There is ample parking available, as well as great frontage and a pylon sign.

Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Not bikeable
10/100

Nearby Major Retailers

Cross Fit Syracuse
Crunch Fitness
Sky Zone
Olive Garden
Texas Roadhouse
Orangetheory Fitness
Five Guys
My Gym
Community Bank
KeyBank

Property Taxes

Property Taxes

Parcel Number
312601-009-000-0008-006-000-0000
Land Assessment
$150,000
Improvements Assessment
$1,013,100
Total Assessment
$1,163,100
  • Listing ID: 33270890

  • Date on Market: 9/23/2024

  • Last Updated:

  • Address: 3125 Erie Blvd E, East Syracuse, NY 13057

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