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Market Place Shopping Center 5701-5849 E Circle Dr 2,528 - 33,942 SF of Retail Space Available in Clay, NY 13039
HIGHLIGHTS
- The Shopping Center is located next to I-481, which carries 50,000 - 55,000 vehicles per day.
- Micron and the State of NY selected White Pine Commerce Park a 1,200-acre site approximately 4.4 miles and 8 minutes from TL Marketplace
- Micron Technology and the State of New York announced a plan to invest $100 billion over 20 years, the largest private investment in Ny history
- Additional national tenants located in Cicero include Home Depot, Target, Walmart, Wegmans, Five Below, and Marshalls.
SPACE AVAILABILITY (4)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 104 | 5,074 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor, Ste 500 | 2,528 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD | ||
| 1st Floor, Ste E-1 | 6,423 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable | ||
| 1st Floor, Ste E-7 | 19,917 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable |
5701 E Circle Dr - 1st Floor - Ste 104
- Fully Built-Out as Professional Services Office
- Located in-line with other retail
- Space is in Excellent Condition
5701 E Circle Dr - 1st Floor - Ste 500
- Fully Built-Out as Professional Services Office
- Highly Desirable End Cap Space
- Space is in Excellent Condition
5701 E Circle Dr - 1st Floor - Ste E-1
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- Central Air Conditioning
5701 E Circle Dr - 1st Floor - Ste E-7
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- 1 Loading Dock
- Central Air Conditioning
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT MARKET PLACE SHOPPING CENTER
- Dollar Tree
- Lowes
- OfficeMax
- Panera Bread
- Price Chopper
PROPERTY FACTS
| Total Space Available | 33,942 SF | Frontage | |
| Center Type | Power Center | Gross Leasable Area | 299,677 SF |
| Parking | 2370 Spaces | Total Land Area | 38.61 AC |
| Stores | 7 | Year Built | 1980 |
| Center Properties | 9 |
| Total Space Available | 33,942 SF |
| Center Type | Power Center |
| Parking | 2370 Spaces |
| Stores | 7 |
| Center Properties | 9 |
| Frontage | |
| Gross Leasable Area | 299,677 SF |
| Total Land Area | 38.61 AC |
| Year Built | 1980 |
ABOUT THE PROPERTY
Anchor tenants at the center are Lowe’s and Price Chopper. Other national tenants include Dollar Tree, Moe’s, Panera, GNC, Men’s Wearhouse, Wendy’s and Petland. The main highway serving the shopping center is I-481, which carries 50,000-55,000 vehicles daily. The two primary roads that encircle Marketplace Shopping Center, Brewerton Rd, and Circle Dr., carrying approximately 16,000 vehicles per day. Located next to the shopping center is a large auto mall with dealerships that include Lexus, BMW, Porsche, Audi, Toyota, Buick, Hyundai, Volkswagen, Jeep, GMC, Chevrolet, Lincoln, Dodge, Mazda, and Maserati etc. This auto mall serves the entire Syracuse metro area as well as smaller surrounding communities. Additional national tenants located in Cicero include Home Depot, Target, Walmart, Wegmans, Five Below, and Marshalls. The available space will represent the only Jr. anchor box available in the Cicero market. Recently, Micron Technology, Inc. (memory computer chip specialist) and the State of New York announced a plan to invest $100 billion over 20 years, which is the largest private investment in New York State history. The chip factory is expected to create 50,000 jobs throughout the area with 9,000 of these jobs working directly for Micron. The average salary for a Micron employee is $109,000. Micron and the State of New York have selected White Pine Commerce Park a 1,200-acre site approximately 4.4 miles and 8 minutes from Marketplace Shopping Center. The Cicero area will see increased housing growth above what it has been experiencing due to the chip plant. This housing will include single family and multifamily developments. Our site which enjoys regional as well as local traffic will be impacted in the future by more local traffic. The primary exits off of I-481, which already empties directly into the Shopping Center, will make existing neighborhoods as well as new neighborhoods easier to access by avoiding traffic related to employees working at the chip plant. Moreover, Marketplace Shopping center is centrally located next to two of Syracuse’s largest highways I-81 and 481, which carry 50,000-55,000 vehicles daily. We anticipate traffic and density to increase greatly due to the influx of population that is poised to fill in the Northern communities of Syracuse. As part of the county’s and state’s commitment they will be increasing sewer capacity in the northern communities to allow for residential development that will be necessary for the coming growth. The sewage capacity is scheduled to be added concurrently with the White Commerce Park development.
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signalized Intersection
NEARBY MAJOR RETAILERS
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Market Place Shopping Center | 5701-5849 E Circle Dr
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