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5886 Rt-31 2,625 SF Retail Building Clay, NY 13039 $2,519,104 CAD ($959.66 CAD/SF) 5.65% Cap Rate
Investment Highlights
- Absolute NNN Lease
- Long Term Lease
- New Developments
- Corporate Guarantee
- High Traffic Location
- Near Interstate
Executive Summary
This offering presents the opportunity to acquire a fee simple Arby’s property located at 5886 NY-31 in Cicero, NY. Backed by RTM Operating Company, LLC, the absolute NNN lease features zero landlord responsibilities and approximately 12 years remaining on the primary term with four 5-year renewal options. The lease includes scheduled 10% rent increases every five years, enhancing long-term income stability and NOI growth.
Strategically positioned along the NY-31 corridor with direct access to I-81 less than half a mile away, the property benefits from an average daily traffic count of 33,500 vehicles and strong national co-tenancy including McDonald’s, Dunkin’ Donuts, and Speedway. Additionally, it is located within three miles of Micron Technology’s $100 billion semiconductor megafab project, one of the largest economic developments in U.S. history. Priced at $1,777,522 with a 5.65% cap rate, this asset offers predictable cash flow and a strong tenant covenant.
Strategically positioned along the NY-31 corridor with direct access to I-81 less than half a mile away, the property benefits from an average daily traffic count of 33,500 vehicles and strong national co-tenancy including McDonald’s, Dunkin’ Donuts, and Speedway. Additionally, it is located within three miles of Micron Technology’s $100 billion semiconductor megafab project, one of the largest economic developments in U.S. history. Priced at $1,777,522 with a 5.65% cap rate, this asset offers predictable cash flow and a strong tenant covenant.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,625 SF
Building Class
B
Year Built/Renovated
1994/2017
Price
$2,519,104 CAD
Price Per SF
$959.66 CAD
Cap Rate
5.65%
NOI
$142,329 CAD
Tenancy
Single
Building Height
1 Story
Slab To Slab
14’
Building FAR
0.06
Lot Size
1.00 AC
Parking
40 Spaces (15.24 Spaces per 1,000 SF Leased)
Frontage
50’ on Rt-31 Hwy
Amenities
- Pylon Sign
- Signage
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 312289-051-000-0001-005-001-0000 | Improvements Assessment | $478,305 CAD |
| Land Assessment | $336,585 CAD | Total Assessment | $814,890 CAD |
Property Taxes
Parcel Number
312289-051-000-0001-005-001-0000
Land Assessment
$336,585 CAD
Improvements Assessment
$478,305 CAD
Total Assessment
$814,890 CAD
Contacts
-
Malchus Real Estate Joel Cukier -
BROOKLYN VERTICAL INC Dov Chein - Malchus Real Estate
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5886 Rt-31
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