3856 NY-31
Liverpool, NY 13090
Clay South Center · Retail Property For Sale

SRS Investment Properties Group, as exclusive broker, is pleased to offer Clay South Center - a community center shadow-anchored by Target and anchored by Hobby Lobby and Lowe’s and located in Liverpool, New York. Included in the offering with Clay South Center is a rare Lowe’s long-term ground lease, which anchors the Property along with Hobby Lobby and creates a significant regional consumer draw. Separately parceled from the rest of the Center, the Lowe’s provides plenty of potential options in regards to possibly unwinding the Asset along with the outparcel building and Hobby Lobby parcel, in order to take advantage of arbitrage in the single-tenant investment market. The Property is anchored by a strong base of national, credit anchors – Lowe’s and Hobby Lobby. Individually creating significant regional consumer draws, the anchors account for nearly 97% of the Total GLA, fortifying a very stable Asset. In addition to a solid anchor base, the balance of Clay South Center is occupied by Verizon Wireless and Chipotle, creating a tenant roster 100% occupied by national retailers. Further, the various retail uses at the Property are either highly internet-resistant or retailers which have continued to thrive in the online shopping age. The anchors at the Property boast nearly eight (8) years of aggregate remaining lease term, stabilizing it for the future while also making it easily financeable. The Property includes an extremely well-located outparcel building occupied by Verizon Wireless and Chipotle, with an aggregate lease term of roughly five (5) years. Buyers will have a lucrative opportunity to sell off the outparcel (if so desired), at a premium cap rate, reducing equity exposure. Location Clay South Center is very well located and is adjacent to NY-31. The address is 3856 NY-31, Liverpool, NY 13090. The Property boasts textbook retail fundamentals, which include excellent visibility and signage, a regional consumer draw in Lowe’s, a signalized main entrance, cross-access with a large power center, institutional quality construction and design, and a traditional retail strip layout. Syracuse is located in the heart of New York State, just south of Lake Ontario and just northeast of the picturesque Finger Lakes Region. The county seat for Onondaga County, Syracuse is the fifth most populous city in the state with roughly 660,000 people. The educational and economic hub of Central New York, a region consisting of well over 1 million inhabitants. Positioned between Albany and Rochester, NY, Syracuse has functioned as a major crossroads over the last two centuries between the Erie Canal and its branch canals, as well as a major railway network. Today, Syracuse is located at the intersection of Interstates 81 and 90, and its airport is the largest in the region. The city is also home to Syracuse University, a major research university, as well as Le Moyne College, a nationally recognized liberal arts college. Syracuse has been ranked 4th by Forbes on its list of “The Top 10 Places in the U.S. to Raise a Family.”