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523 W Genesee St
Syracuse, NY 13204
Enterprise Rent A Car · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- + NNN Leased to Enterprise Rent-A-Car
- Ample parking on 28,650± SF lot (0.658± acres)
- Three drive-in garage bays
- + (3) 5-year renewal options each with 10% bumps; with 120 days notice
- Pylon sign
- Signalized intersection at W Genesee & Plum Streets
EXECUTIVE SUMMARY
CBRE Upstate NY is pleased to offer for sale, a NNN leased investment property, strategically positioned on a prominent corner at the eastern entrance to Syracuse‘s historic automobile row. Enterprise Rent-A-Car began operating this full-service location in 2021 and will have the option to exercise its first renewal in 2026, (notice due by May 31, 2026). The company holds strong, investment-grade credit ratings from the leading credit rating agencies.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
2,848 SF
Building Class
C
Year Built
1920
Price
$830,028 CAD
Price Per SF
$291.44 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.12
Lot Size
0.55 AC
Opportunity Zone
Yes
Zoning
020
Parking
60 Spaces (21.07 Spaces per 1,000 SF Leased)
Frontage
43’ on Genesee St
AMENITIES
- Bus Line
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 311500-106-000-0013-001-000-0000 | Improvements Assessment | $164,293 CAD |
| Land Assessment | $202,004 CAD | Total Assessment | $366,297 CAD |
PROPERTY TAXES
Parcel Number
311500-106-000-0013-001-000-0000
Land Assessment
$202,004 CAD
Improvements Assessment
$164,293 CAD
Total Assessment
$366,297 CAD
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