3400 W Genesee St | Syracuse, NY 13219
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- LoopNet Team
3400 W Genesee St
Syracuse, NY 13219
New Chase Bank / 20 YR Absolute NNN Lease · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporate executed lease / Strong investment grade tenant – Chase Bank (NYSE:JPM)
- Relocation of an existing bank branch that was in-line, across the street, and had over $109M in deposits
- Located at the hard corner of a recently installed new traffic signal fronting the entrance to Aspen Plaza
- New long term / 20-year absolute NNN ground lease
- 10% Rental increases every 5 years during initial term and option periods
- Brand new 2021 construction / Drive-thru ATM accessibility
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,028 SF
Building Class
B
Year Built
2021
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.91 AC
Zoning
05
Parking
27 Spaces (8.92 Spaces per 1,000 SF Leased)
Frontage
140’ on West Genesee Street
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,074,000 | |
| Land Assessment | $118,000 | Total Assessment | $1,192,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$118,000
Improvements Assessment
$1,074,000
Total Assessment
$1,192,000
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