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3125 Erie Blvd E 6,000 SF 100% Leased Retail Building East Syracuse, NY 13057 $2,144,254 CAD ($357.38 CAD/SF) 7.73% 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 7.73% 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

3125-Erie-Blvd.pdf

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

$2,144,254 CAD

Price Per SF

$357.38 CAD

Cap Rate

7.73%

NOI

$165,714 CAD

Percent Leased

100%

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

MAJOR TENANTS

Services
6,000 SF
-
Triple Net
Dec 2032

For decades, FedEx has been innovating to deliver more. Strengthening supply chains with their global network. Simplifying logistics. Enhancing tracking and visibility. And using data from every journey to make the experience better. FedEx provides customers and businesses worldwide with a broad portfolio of transportation, ecommerce, and business services. They focus on making supply chains smarter for everyone by offering integrated business solutions utilizing their flexible, efficient, and intelligent global network, covering various countries and territories.