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AT&T - Fulton, NY 355 S 2nd St 1,600 SF Retail Building Fulton, NY 13069 $1,256,328 CAD ($785.21 CAD/SF) 6.67% Cap Rate
INVESTMENT HIGHLIGHTS
- Lease Guaranteed by Prime Comms Retail LLC: Largest AT&T Authorized Retailer in the United States
- Triple-Net Lease
- Near Main Thoroughfare of Fulton, New York
- National Retailers Nearby
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to exclusively offer for sale a freestanding AT&T store operated by Prime Communications, the largest AT&T Authorized Retailer in the United States. The subject property is located at 355 South 2nd Street in Fulton, New York. The AT&T features a triple-net lease, with landlord responsibilities only consisting of roof and structure repair/replacement. This 1,600-square-foot, freestanding building is near Country Road 3, which sees 18,870 vehicles per day. The Country Road 3 bridge provides access over the Oswego River, driving traffic through Fulton. Nearby retailers include Wendy’s, Dunkin Donuts, Burger King, and Arby’s.
The lease commenced in 2016 and the current term extends through 2027. The tenant has four two-year renewal options with two percent increases per renewal option. The lease is guaranteed by Prime Comms Retail, LLC, the largest AT&T authorized retailer in the nation (2,000 locations).
The lease commenced in 2016 and the current term extends through 2027. The tenant has four two-year renewal options with two percent increases per renewal option. The lease is guaranteed by Prime Comms Retail, LLC, the largest AT&T authorized retailer in the nation (2,000 locations).
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,600 SF
Building Class
B
Year Built
2015
Price
$1,256,328 CAD
Price Per SF
$785.21 CAD
Cap Rate
6.67%
NOI
$83,755 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.21 AC
Opportunity Zone
Yes
Zoning
C2
Parking
10 Spaces (6.25 Spaces per 1,000 SF Leased)
Frontage
35’ on South 2nd Street
AMENITIES
- Bus Line
- Corner Lot
- Dedicated Turn Lane
- Security System
- Signage
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
NEARBY MAJOR RETAILERS
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AT&T - Fulton, NY | 355 S 2nd St
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