Share This Listing

Message

962 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

3125 Erie Blvd E 6,000 SF 50% Leased Retail Building East Syracuse, NY 13057 $2,053,185 CAD ($342.20 CAD/SF) 7.99% Cap Rate

Save this listing!

Favourite this listing to get notified of price updates, new media and more

Investment Highlights

  • FedEx Corporation (S&P:BBB) Lease Guarantee
  • Two – Five Year Renewal Options
  • 25 Years of Occupancy with Approximately Eight Years Remaining on NNN Lease
  • Year Built 1999 with a Complete Renovation in 2023

Executive Summary

Introducing a prime investment opportunity at 3115-3117 Erie Blvd. E., DeWitt, NY 13214! This property boasts a solid tenant in FedEx Corporation (S&P:BBB) with a cap rate of 7.99% and a long history of occupancy with approximately eight years left on its NNN lease term. Featuring a 6,000 sq ft building that underwent a complete renovation in 2023, this property also offers convenient parking with 30+ spaces. Located in a high-traffic area with excellent demographics, the property benefits from a densely populated surrounding area, ensuring a steady flow of potential customers for any business. With strong daytime employee and household numbers nearby, this investment promises both stability and growth potential. Don't miss out on this lucrative opportunity to add a reliable income stream to your portfolio!

Data Room Click Here to Access

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,000 SF
Building Class
B
Year Built/Renovated
1999/2022
Price
$2,053,185 CAD
Price Per SF
$342.20 CAD
Cap Rate
7.99%
NOI
$163,965 CAD
Percent Leased
50%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.56 AC
Zoning
05 - Commercial
Parking
30 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
200’ on Erie Blvd

Amenities

  • Bus Line
  • Pylon Sign

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

FedEx Office operates as a subsidiary of FedEx Corporation, offering a range of printing, shipping, and business services to individual and commercial customers. Originally branded as Kinko’s before being acquired by FedEx in 2004, the division was rebranded as FedEx Office in 2008 to align with the parent company’s identity. Headquartered in Memphis, Tennessee, FedEx Office supports businesses and consumers with document production, packing, and shipping solutions through its network of retail locations across the United States. The company plays a key role in FedEx’s broader logistics and service portfolio, complementing its express delivery and freight operations. FedEx Corporation, the parent company, was founded in 1971 and trades on the New York Stock Exchange under the ticker symbol FDX. FedEx Office continues to serve as a critical component of the company’s strategy to provide integrated solutions for shipping and document management needs.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Services 99,999 SF - Lorem Ipsum Jan 0000

Nearby Major Retailers

Cross Fit Syracuse
Crunch Fitness
Sky Zone
Olive Garden
Five Guys
Texas Roadhouse
Orangetheory Fitness
My Gym
Community Bank
KeyBank

Property Taxes

Property Taxes

Parcel Number
312601-009-000-0008-006-000-0000
Land Assessment
$204,537 CAD
Improvements Assessment
$1,305,901 CAD
Total Assessment
$1,510,438 CAD
  • Listing ID: 33270890

  • Date on Market: 2024-09-23

  • Last Updated:

  • Address: 3125 Erie Blvd E, East Syracuse, NY 13057

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}