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3400 W Genesee St
Syracuse, NY 13219
New Chase Bank / 20 YR Absolute NNN Lease · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Corporate executed lease / Strong investment grade tenant – Chase Bank (NYSE:JPM)
  • Relocation of an existing bank branch that was in-line, across the street, and had over $109M in deposits
  • Located at the hard corner of a recently installed new traffic signal fronting the entrance to Aspen Plaza
  • New long term / 20-year absolute NNN ground lease
  • 10% Rental increases every 5 years during initial term and option periods
  • Brand new 2021 construction / Drive-thru ATM accessibility

PROPERTY FACTS

Property Type
Retail
Property Subtype
Bank
Building Size
3,028 SF
Building Class
B
Year Built
2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.91 AC
Zoning
05
Parking
27 Spaces (8.92 Spaces per 1,000 SF Leased)
Frontage
140’ on West Genesee Street

PROPERTY TAXES

  • Listing ID: 24956792

  • Date on Market: 2/1/2022

  • Last Updated:

  • Address: 3400 W Genesee St, Syracuse, NY 13219