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FedEx Business Center 3125 Erie Blvd E 6,000 SF 50% Leased Retail Building East Syracuse, NY 13057 $2,091,750 CAD ($348.63 CAD/SF) 7.50% 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 7.5% and a long history of occupancy with approximately seven years left on its NNN lease term plus 2–5-year renewal options. 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

$2,091,750 CAD

Price Per SF

$348.63 CAD

Cap Rate

7.50%

NOI

$156,881 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 began as Kinko's, founded in 1970 by Paul Orfalea. The company expanded rapidly through franchising before being acquired by FedEx Corporation in 2004. This merger created a comprehensive shipping and printing service provider. Today, the company operates as a division of FedEx Corporation offering printing, copying, and shipping services. Unlike competitors that use franchise models, all locations are corporate-owned. The brand maintains a significant presence across North America with numerous retail locations providing both individual and business solutions.