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Midas 5453 Bay Rd S 4,038 SF Retail Building North Syracuse, NY 13212 $2,190,391 ($542.44/SF) 5.85% Cap Rate
Investment Highlights
- Excellent Corporate Guarantee from Leading Tire Retailer
- Positioned Near Driver's Village, Central New York's Premier Auto Destination
- Affluent Trade Area with a Stable Employment Anchor
- Robust Unit - Level Performance
- Prime Positioning Near a Major Regional Airport
- Proximity to Micron's Historic Semiconductor Investment
Executive Summary
Surmount is pleased to present the exclusive listing for a Midas located at 5453 South Bay Road, North Syracuse, NY 13212. The site consists of roughly 4,038 rentable square feet of building space. Midas is subject to a 20-year Triple Net (NNN) lease which commenced on September 1, 2026. The annual rent is $128,138 and has scheduled increases of 1.50% Annually Starting Year 7.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,038 SF
Building Class
C
Year Built
1975
Price
$2,190,391
Price Per SF
$542.44
Cap Rate
5.85%
NOI
$128,138
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.35 AC
Zoning
05 - COMME
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 312489-118-000-0001-005-000-0000 | Improvements Assessment | $10,500 |
| Land Assessment | $5,000 | Total Assessment | $15,500 |
Property Taxes
Parcel Number
312489-118-000-0001-005-000-0000
Land Assessment
$5,000
Improvements Assessment
$10,500
Total Assessment
$15,500
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