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Advance Auto Parts 431 Genesee St 6,806 SF Retail Building Chittenango, NY 13037 $2,120,841 CAD ($311.61 CAD/SF) 7.75% Cap Rate
Investment Highlights
- Constructed in 2007 as a built-to-suit for Advance Auto Parts.
- Chittenango is positioned within the Syracuse MSA, and features close proximity to I-90, which sees ±36,300 vehicles daily.
- Strong average household income of $121,032 in a 5-mile radius.
- Tenant recently executed an early lease extension through November 2032 —reflecting long-term operational commitment.
- Strong retail synergy with surrounding national tenants including Burger King, Best Buy, Home Depot, Dick’s Sporting Goods, Marshalls, Dollar General
- Advance Auto Parts adjusted the rent commencing in the extended term, boosting store profitability and ensuring long-term success at this location.
Executive Summary
Broker of Record
Cory Rosenthal
License # 10311210106 (NY), 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Cory Rosenthal
License # 10311210106 (NY), 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,806 SF
Year Built
2007
Price
$2,120,841 CAD
Price Per SF
$311.61 CAD
Cap Rate
7.75%
NOI
$164,365 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.67 AC
Zoning
Commercial
Parking
32 Spaces (4.7 Spaces per 1,000 SF Leased)
Frontage
147’ on Genesee St
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- Dec 2021
Advance Auto Parts, Inc. est l'un des principaux fournisseurs de pièces de rechange automobiles qui sert à la fois les installateurs professionnels et les clients de bricoleurs. Au 5 octobre 2024, Advance exploitait 4 781 magasins principalement aux États-Unis, et d'autres au Canada, à Porto Rico et aux îles Vierges américaines. L'entreprise a également desservi 1 125 magasins indépendants de marque Carquest dans ces endroits, en plus du Mexique et de diverses îles des Caraïbes.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | Dec 2021 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 254801-041-081-0001-047-000-0000 | Improvements Assessment | $651,025 CAD |
| Land Assessment | $199,684 CAD | Total Assessment | $850,709 CAD |
Property Taxes
Parcel Number
254801-041-081-0001-047-000-0000
Land Assessment
$199,684 CAD
Improvements Assessment
$651,025 CAD
Total Assessment
$850,709 CAD
(469) 868-4798
x4340
Contacts
-
Landon Reynolds -
Josh Bishop -
Scotty Latimer -
Matthews Real Estate Investment Services
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Advance Auto Parts | 431 Genesee St
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