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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
Bank
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

PROPERTY TAXES

Parcel Numbers
Multiple
  • 312089-047-000-0006-008-002-0000
  • 313289-032-000-0001-006-002-0000
Land Assessment
$118,000
Improvements Assessment
$1,074,000
Total Assessment
$1,192,000
  • Listing ID: 24956792

  • Date on Market: 2/1/2022

  • Last Updated:

  • Address: 3400 W Genesee St, Syracuse, NY 13219

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