40 Catherwood Rd | Ithaca, NY 14850
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- LoopNet Team
40 Catherwood Rd
Ithaca, NY 14850
Target (NYSE:TGT) | Near Cornell University · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute-Net Lease (Zero Landlord Responsibilities): 3 Years Remaining with 10% Increases Every Other Option.
- Long Operating History: Target has Operated at this Location for 20+ Years & Recently Exercised First Option Showing Strength of Location.
- Outparcel to The Shops at Ithaca Mall: A 622,920 SF / 58 Store Shopping Mall Shared with Other Major Retailers Michaels, Best Buy, Dick’s Sporting Goo
- Corporate (NYSE: TGT) Guaranty: Target has 1,948 Locations & 400,000+ Employees Across All 50 States.
- Limited to No Competition: Only Target within A 25-Mile Radius.
- Near Major Universities: Just 2 Miles from Target; Cornell University Enrolls 25,800+ Students. 5 Miles from Target, Ithaca College Enrolls 5,293 Stud
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
126,000 SF
Building Class
B
Year Built
2002
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
10.53 AC
PROPERTY TAXES
| Parcel Number | 503201-047-001-0001-024-000-0000 | Improvements Assessment | $6,346,000 |
| Land Assessment | $1,354,000 | Total Assessment | $7,700,000 |
PROPERTY TAXES
Parcel Number
503201-047-001-0001-024-000-0000
Land Assessment
$1,354,000
Improvements Assessment
$6,346,000
Total Assessment
$7,700,000
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