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Multi-Tenant Retail Center 372 W Pulteney St 6,659 SF 100% Leased Retail Building Corning, NY 14830 $5,033,333 ($755.87/SF) 6% Cap Rate
Investment Highlights
- 11+ Years WALT | Options To Extend | 100% Occupied | Established National Brands | Strong-Performing Stores
- Signalized, Hard Corner Intersection | Prime Visibility & Access | Proximity To I-86 (33,000 VPD)
- Adjacent To Tops-Anchored Center | Dense Retail Corridor
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in a multi-tenant retail investment property located in Corning, New York. The center is 100% occupied by established national brands and features over 11 years of remaining weighted average lease term (WALT), with each tenant benefiting from multiple 5-year renewal options, supporting long-term income stability. The stores rank well within their respective brands, with Jersey Mike’s in the 93rd percentile nationally and Starbucks in the 68th percentile, per Placer.ai (Chipotle opened too recently for reliable data).
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,659 SF
Building Class
C
Year Built
2024
Price
$5,033,333
Price Per SF
$755.87
Cap Rate
6%
NOI
$302,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.12
Lot Size
1.25 AC
Zoning
CONF
Parking
56 Spaces (8.41 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Restaurant
- Signage
- Signalized Intersection
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 463801-299-018-0001-049-000 | Improvements Assessment | $2,012,500 |
| Land Assessment | $885,900 | Total Assessment | $2,898,400 |
Property Taxes
Parcel Number
463801-299-018-0001-049-000
Land Assessment
$885,900
Improvements Assessment
$2,012,500
Total Assessment
$2,898,400
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Multi-Tenant Retail Center | 372 W Pulteney St
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