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3852 State Route 31 6,039 SF 100% Leased Retail Building Liverpool, NY 13090 $3,280,000 ($543.14/SF) 6.25% Cap Rate
EXECUTIVE SUMMARY
• Net Lease Two Tenant Property
• Occupied by Chipotle and Verizon
• Both Tenants have Exercised Lease Extension Options through 2028
• Chipotle has Three 5 Year Extensions Remaining; Verizon has One 5 Year Lease Extension Remaining Which Includes 10% Rent Increases at Renewal
• Property Benefits from being well Located within Densely Populated Retail Corridor Anchored by Lowes and Hobby Lobby
• Verizon is a Top-Performing Location, Ranked #15 out of 4,998 Stores. Chipotle also Performs well, Placing in the top 25% of all Chipotle Locations (Based on Placer AI Data)
• The 2.8 Acre Outlot Site Offers Versatile Redevelopment Potential, Making it Ideal for a Range of Future Retail or Mixed-Use Concepts
• Occupied by Chipotle and Verizon
• Both Tenants have Exercised Lease Extension Options through 2028
• Chipotle has Three 5 Year Extensions Remaining; Verizon has One 5 Year Lease Extension Remaining Which Includes 10% Rent Increases at Renewal
• Property Benefits from being well Located within Densely Populated Retail Corridor Anchored by Lowes and Hobby Lobby
• Verizon is a Top-Performing Location, Ranked #15 out of 4,998 Stores. Chipotle also Performs well, Placing in the top 25% of all Chipotle Locations (Based on Placer AI Data)
• The 2.8 Acre Outlot Site Offers Versatile Redevelopment Potential, Making it Ideal for a Range of Future Retail or Mixed-Use Concepts
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,039 SF
Building Class
B
Year Built
2013
Price
$3,280,000
Price Per SF
$543.14
Cap Rate
6.25%
NOI
$205,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.05
Lot Size
2.80 AC
Zoning
Commercial
Frontage
210’ on State Route 31
AMENITIES
- Restaurant
- Monument Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 312489-053-000-0001-024-002-0000 | Improvements Assessment | $21,300 |
| Land Assessment | $5,000 | Total Assessment | $26,300 |
PROPERTY TAXES
Parcel Number
312489-053-000-0001-024-002-0000
Land Assessment
$5,000
Improvements Assessment
$21,300
Total Assessment
$26,300
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3852 State Route 31
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