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Napa Auto Parts 3034 East Ave 5,954 SF Retail Building Central Square, NY 13036 $1,427,017 CAD ($239.67 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Passive Investment – Triple Net Lease | The property is subject to a Triple-Net (NNN) lease with zero landlord responsibilities
- Strong Academic Presence – Syracuse University | Syracuse University, with an enrollment of approximately 22,700 students
- Major Economic Driver – Micron Technology | Micron Technology is investing $100 billion into a new semiconductor manufacturing facility
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Napa Auto Parts located at 3034 East Avenue, Central Square, New York 13036. The site consists of roughly 5954 rentable square feet of building space on an estimated 1.09-acre parcel of land. This Napa Auto Parts is subject to a 16-year Triple Net (NNN) lease, which commenced 2/18/2014. The current annual rent is $66,448 and has scheduled increases of ~7.50% in Each Option.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,954 SF
Building Class
C
Year Built
1996
Price
$1,427,017 CAD
Price Per SF
$239.67 CAD
Cap Rate
6.50%
NOI
$92,756 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.09 AC
Frontage
75’ on East Ave
AMENITIES
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
CONTACTS
-
Anthony Bird -
Anthony D'Ambrosia -
Richard Nardi -
Glen Kunofsky -
Christopher Marks -
Surmount
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Napa Auto Parts | 3034 East Ave
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