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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

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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!

NDA

FedEx Flyer

Operating and Financials

Property Facts

Sale Type

Investment NNN

Sale Condition

1031 Exchange

Property Type

Retail

Property Subtype

Freestanding

Building Size

6,000 SF

Building Class

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

Bus Line

Pylon Sign

Services
99,999 SF
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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.