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3932 NY-281
Cortland, NY 13045
Grand Union · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • - Strong performing grocery store
  • - Ahold Delhaize lease guarantee (S&P BBB; Moody’s: Baa1)
  • -Long term lease with 9+ years remaining
  • - Single Tenant Net Lease Investment Opportunity
  • - Tenant recently exercised a five (5) year renewal option early
  • - Scheduled 3% rent increase on 5/1/2026 and in each option term

PROPERTY FACTS

Property Type
Retail
Property Subtype
Supermarket
Building Size
77,000 SF
Building Class
B
Year Built
1996
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
7.38 AC
Zoning
05
Parking
686 Spaces (8.91 Spaces per 1,000 SF Leased)
Frontage
564’ on Route 281

AMENITIES

  • Signage
  • Signalized Intersection
  • Air Conditioning
  • Listing ID: 26366366

  • Date on Market: 8/9/2022

  • Last Updated:

  • Address: 3932 NY-281, Cortland, NY 13045

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