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Advance Auto Parts 431 Genesee St 6,806 SF Retail Building Chittenango, NY 13037 $1,548,387 ($227.50/SF) 7.75% 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 began in 1932 when Arthur Taubman acquired Advance Stores in Virginia, and the business later developed into a publicly traded automotive aftermarket retailer. The company serves professional installers and do-it-yourself customers through retail stores, online shopping, and customer support services, with offerings that include replacement parts, accessories, batteries, and maintenance items. Advance Auto Parts also operates the Carquest brand and maintains a broad North American presence that includes the United States, Canada, Puerto Rico, and the U.S. Virgin Islands.
| 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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