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Mohawk Acres Portfolio 2 Retail Properties Offered at $5,162,000 in Rome, NY
INVESTMENT HIGHLIGHTS
- 10.5+ Years WALT | New Construction | Two Buildings On Separate Parcels
- Signalized, Hard Corner Intersections | Excellent Accessibility
- Positive Federal Policy Shift For Cannabis Operators
- Outparcel To Mohawk Acres Plaza | Dense Retail Corridor
- Proximity To Major Institutional & Medical Anchors
EXECUTIVE SUMMARY
SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the fee simple interest in a multi-tenant retail asset consisting of two adjacent parcels
in Rome, New York. The offering includes Chipotle (15-year lease), a free-standing Starbucks (10-year lease), and CanaPlanet (7-year lease), with over 10.5 years of weighted average lease term (WALT) remaining. Each tenant has scheduled rental increases and options to extend, supporting stable, long-term income. CanaPlanet stands to benefit from the pending federal reclassification of cannabis to Schedule III, which would eliminate IRS Section 280E and improve operator cash flow and rent coverage.
in Rome, New York. The offering includes Chipotle (15-year lease), a free-standing Starbucks (10-year lease), and CanaPlanet (7-year lease), with over 10.5 years of weighted average lease term (WALT) remaining. Each tenant has scheduled rental increases and options to extend, supporting stable, long-term income. CanaPlanet stands to benefit from the pending federal reclassification of cannabis to Schedule III, which would eliminate IRS Section 280E and improve operator cash flow and rent coverage.
PROPERTY FACTS
| Price | $5,162,000 | Number of Properties | 2 |
| Price / SF | $64.82 / SF | Individually For Sale | 0 |
| Cap Rate | 5.85% | Total Building Size | 79,631 SF |
| Sale Type | Investment NNN | Total Land Area | 112.71 AC |
| Status | Active |
| Price | $5,162,000 |
| Price / SF | $64.82 / SF |
| Cap Rate | 5.85% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 79,631 SF |
| Total Land Area | 112.71 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Mohawk Acres
1750-1788 Black River Blvd N, Rome, NY 13440 |
Retail | 75,256 SF | 1965 | - |
| 1736 Black River Blvd N, Rome, NY 13440 | Retail | 4,375 SF | 2024 | - |
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Mohawk Acres Portfolio
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