6511 Thompson Rd
Syracuse, NY 13206
New 2018 Construction Verizon Wireless · Retail Property For Sale

The Jonna Group of Marcus & Millichap is pleased to present this brand-new, freestanding 2018 Verizon Wireless located in Syracuse, New York. Verizon Wireless signed a new triple-net lease with 10 years remaining that includes (2) 5-year options and a new 20-year roof warranty. The Verizon Wireless investment also includes ideal 5-10% (based on CPI) rent increases every 5 years in the base term and option periods. This new build-to-suit prototype construction site is located in a dense locale within a hospitality district and numerous corporate offices, anchored by Syracuse Hancock International Airport within vicinity. The investment offers a corporate guarantee from Cellular Sales, one of the largest franchisees of Verizon Wireless with over 715 locations and growing. The subject property is located on Thompson Rd and Route 298, which experiences over 60,000 vehicles traveling per day. Syracuse's top employers now are primarily in higher education, research, health care, and services; some high-tech manufacturing remains. Retailers in the immediate vicinity of the subject site include McDonald's, Dunkin Donuts, Burger King, Jimmy Johns, Express Mart, Valvoline Instant Oil Change, Midas, Dollar General, and more. Syracuse is a city in and the county seat of Onondaga County, New York and is the fifth most populous city in New York. It is the economic and educational hub of Central New York, a region with over one million inhabitants. Syracuse is also well-provided with convention sites, with a downtown convention complex. Syracuse is located at the intersection of Interstates 81 and 90, and its airport is the largest in the region. Syracuse is home to Syracuse University, a major research university, as well as Le Moyne College, a nationally recognized liberal arts college. In 2010, Forbes rated Syracuse fourth in the top 10 places in the U.S. to raise a family.