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75 Robinson St
Binghamton, NY 13901
Advance Auto Parts -New 10-Yr Lease Ext. · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New roof in 2025 (now Tenant responsibility)
- Located within 1 mile of several auto repair shops
- Signalized intersection
- 10 minutes to Binghamton University
- Recent 10-year lease extension
EXECUTIVE SUMMARY
SLN Capital Markets, a division of S.L. Nusbaum Realty Co., is pleased to exclusively present for sale the Advance Auto Parts property located at 75 Robinson Street in Binghamton, NY.
The building, with a new roof in 2025, contains approximately 7,000 SF and sits at a signalized corner on approximately 0.76 AC. It has excellent visibility from the feeder road leading to Interstates 81 and 86 and is strategically located within a mile of many of the city’s auto repair shops.
Advance has been operating in this same location for more than 25 years and recently committed to a lease extension through December 31, 2035 with two, 5-year options remaining.
The building, with a new roof in 2025, contains approximately 7,000 SF and sits at a signalized corner on approximately 0.76 AC. It has excellent visibility from the feeder road leading to Interstates 81 and 86 and is strategically located within a mile of many of the city’s auto repair shops.
Advance has been operating in this same location for more than 25 years and recently committed to a lease extension through December 31, 2035 with two, 5-year options remaining.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
C
Year Built/Renovated
2000/2025
Price
$1,355,000
Price Per SF
$193.57
Cap Rate
6.50%
NOI
$88,056
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.75 AC
Opportunity Zone
Yes
AMENITIES
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 030200-144-083-0004-005-001-0000 | Improvements Assessment | $620,100 |
| Land Assessment | $79,900 | Total Assessment | $700,000 |
PROPERTY TAXES
Parcel Number
030200-144-083-0004-005-001-0000
Land Assessment
$79,900
Improvements Assessment
$620,100
Total Assessment
$700,000
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