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Advance Auto Parts 431 Genesee St 6,806 SF Retail Building Chittenango, NY 13037 $1,500,000 ($220.39/SF) 8% Cap Rate
Investment Highlights
- Built-to-suit for Advance Auto Parts in 2007; early lease extension through November 2032
- Located in Syracuse MSA with close proximity to I-90 seeing ±36,300 vehicles daily
- Strong average household income of $121,032 within a 5-mile radius
- NN lease corporate guaranteed by Advance Stores Company, Inc. (S&P Rated BB)
- Surrounded by Burger King, Best Buy, Home Depot, Dick's Sporting Goods, and more
- Essential retailer with consistent operations and rent payments through COVID-19
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
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
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,806 SF
Year Built
2007
Price
$1,500,000
Price Per SF
$220.39
Cap Rate
8%
NOI
$120,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.67 AC
Zoning
Commercial
Parking
32 Spaces (4.7 Spaces per 1,000 SF Leased)
Frontage
147’ on Genesee St
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
-
Jan 0000
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 | - | - | Jan 0000 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
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
Parcel Number
254801-041-081-0001-047-000-0000
Land Assessment
$146,000
Improvements Assessment
$476,000
Total Assessment
$622,000
(469) 868-4798
x4340
Contacts
-
Landon Reynolds -
Josh Bishop -
Scotty Latimer -
Matthews Real Estate Investment Services
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