5198 W Taft Rd
North Syracuse, NY 13212
Bruegger's (Caribou Coffee): Syracuse, NY · Retail Property For Sale

The CBRE Net Lease Property Group is pleased to exclusively offer a recently renovated, freestanding 3,120-square-foot Bruegger’s Bagels situated on 0.46 acres in Syracuse, New York (MSA Population: 654,841). Syracuse is the region’s major metropolitan center and is often referred to as the “Crossroads of New York State” due to the centrality of its location. The Bruegger’s lease, which is guaranteed by Caribou Coffee Company, has 3.3 years of primary term remaining, and features 1.5% rent increases every year throughout the initial term and in each of the two 5-year renewal options. Bruegger’s is ideally located with excellent access and visibility along Taft Road (Traffic Count: 53,134 VPD) and proximate to I-85 (Traffic Count: 61,734 VPD). Bruegger’s is adjacent to City Park South, which is anchored by Subway, Dunkin’ Donuts, and M&T Bank. Other retailers with a presence in the immediate vicinity include Wegman’s, Walgreens, Rite Aid, Planet Fitness, Autozone, T-Mobile, Citizens Bank, Speedway, Hallmark, Supercuts, Chuck Hafner’s Nursery, Play it Again Sports, Midas, H&R Block, Applebee’s, Sunoco, and Jake Hafner’s Restaurant Tavern. The site is also just down the street from the 451-Bed North Medical Center. In addition, Bruegger’s is located proximate to Syracuse Hancock International Airport—the region’s primary airport— which provides nonstop service to 21 cities across the East Coast and Midwest. The airport is undergoing a $35.8 million renovation to the terminal building in order to provide expanded service options. In total, Bruegger’s benefits from its strategic position within the area’s primary retail and commercial corridors with 15.7 MSF of retail, 11.5 MSF of office, 28.9 MSF of industrial and 15,564 multifamily units within a 5-mile radius. The immediate area also boasts dynamic demographics with a 5-mile population of 153,977 and an average household income of $67,577.