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AT&T - Fulton, NY 355 S 2nd St 1,600 SF Retail Building Fulton, NY 13069 $850,000 ($531.25/SF) 7.06% Cap Rate
Investment Highlights
- Lease Guaranteed by Prime Comms Retail LLC: Largest AT&T Authorized Retailer in the United States
- Triple-Net Lease
- Near Main Thoroughfare of Fulton, New York
- National Retailers Nearby
Executive Summary
Marcus & Millichap is pleased to exclusively offer for sale a freestanding AT&T store operated by Prime Communications, the largest AT&T Authorized Retailer in the United States. The subject property is located at 355 South 2nd Street in Fulton, New York. The AT&T features a triple-net lease, with landlord responsibilities only consisting of roof and structure repair/replacement. This 1,600-square-foot, freestanding building is near Country Road 3, which sees 18,870 vehicles per day. The Country Road 3 bridge provides access over the Oswego River, driving traffic through Fulton. Nearby retailers include Wendy’s, Dunkin Donuts, Burger King, and Arby’s.
The original move-in date was 2016, and the current term extends five years from closing. The tenant has two five-year renewal options with 10 percent increases per renewal option. The lease is guaranteed by Prime Comms Retail, LLC, the largest AT&T authorized retailer in the nation (2,000 locations).
The original move-in date was 2016, and the current term extends five years from closing. The tenant has two five-year renewal options with 10 percent increases per renewal option. The lease is guaranteed by Prime Comms Retail, LLC, the largest AT&T authorized retailer in the nation (2,000 locations).
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,600 SF
Building Class
B
Year Built
2015
Price
$850,000
Price Per SF
$531.25
Cap Rate
7.06%
NOI
$60,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.21 AC
Opportunity Zone
Yes
Zoning
C2
Parking
10 Spaces (6.25 Spaces per 1,000 SF Leased)
Frontage
35’ on South 2nd Street
Amenities
- Bus Line
- Corner Lot
- Dedicated Turn Lane
- Security System
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
1 of 3
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AT&T - Fulton, NY | 355 S 2nd St
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