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Advance Auto Parts 431 Genesee St 6,806 SF Retail Building Chittenango, NY 13037 $1,600,000 ($235.09/SF) 7.50% Cap Rate
Investment Highlights
- Constructed in 2007 as a built-to-suit for Advance Auto Parts.
- Chittenango is positioned within the Syracuse MSA, and features close proximity to I-90, which sees ±36,300 vehicles daily.
- Strong average household income of $121,032 in a 5-mile radius.
- Tenant recently executed an early lease extension through November 2032 —reflecting long-term operational commitment.
- Strong retail synergy with surrounding national tenants including Burger King, Best Buy, Home Depot, Dick’s Sporting Goods, Marshalls, Dollar General
- Advance Auto Parts adjusted the rent commencing in the extended term, boosting store profitability and ensuring long-term success at this location.
Executive Summary
Cory Rosenthal
License # 10311210106 (NY), 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- Dec 2021
Advance Auto Parts, Inc. is a publicly traded automotive aftermarket parts retailer (NYSE: AAP) founded on April 29, 1932 by Arthur Taubman. Headquartered in Raleigh, North Carolina, the company operates over 4,000 stores across the United States, Puerto Rico, and Canada, along with Carquest and Worldpac branches. Advance Auto Parts serves both do-it-yourself (DIY) customers and professional installers, offering a wide range of products including batteries, brakes, engine components, and maintenance supplies. The company also provides in-store services such as battery testing, installation, and recycling. With a workforce of approximately 62,800 employees, Advance Auto Parts emphasizes convenience through its e-commerce platform and same-day delivery options. The firm has grown through strategic acquisitions, including Carquest and Worldpac, and continues to expand its footprint while focusing on operational efficiency and customer service.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | Dec 2021 |
Property Taxes
| Parcel Number | 254801-041-081-0001-047-000-0000 | Improvements Assessment | $476,000 |
| Land Assessment | $146,000 | Total Assessment | $622,000 |
Property Taxes
Contacts
-
Landon Reynolds -
Josh Bishop -
Scotty Latimer -
Matthews Real Estate Investment Services
Presented by
Advance Auto Parts | 431 Genesee St
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