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    431 Genesee St Chittenango, NY 13037

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    For Sale
    $1,497,000

    NN leased Advance Auto Parts with renewal options.

    Property size:
    7,044 SF
    Lot size:
    0.72 Acres

    Property Features for 431 Genesee St

    General Information

    Size
    7,044 SF
    Lot size
    0.72 Acres

    Source: SRS Industrial - Newport Beach Agent Matthew Mousavi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Chittenango Auto Parts Investment Property

    This property features an Advance Auto Parts investment opportunity in Chittenango, New York. The tenant, Advance Stores Company, Inc., has approximately 3 years remaining on the lease, with 3 (5-year) options to extend. The lease structure is NN with limited landlord responsibilities. The lease includes 5% rental increases at the beginning of each option period. The property is suitable for passive investors seeking a low-management investment. The building has a size of 7,044 square feet. Advance Auto Parts has over 4,000 locations across the United States, Canada, and Mexico.
    Insight Report Location Intelligence

    Current Use by Public Records

    Advance Auto Parts Tool Rental Service UPS Access Point ... Shipping And Mailing Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Burgun Automotive, Car Care Center, gmps-sunchevy, Sun Chevrolet Service Center, J & D Tire Tech

    Location Insight

    • Map
    • Local Demand
    City
    Chittenango
    County
    Madison
    State
    New York
    Longitude
    -75.8664623
    Latitude
    43.0513494

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    FAQs

    What type of property is this?
    Auto shop - NN leased Advance Auto Parts with renewal options.
    Where is this auto shop located?
    The property is located at 431 Genesee St Chittenango, NY.
    What is the asking price?
    The asking price for this property is $1,497,000.
    What are key features of this property?
    This property features: - NN lease with limited landlord responsibilities, ideal for passive income.; - Established tenant: Advance Auto Parts, a national brand.; - Lease includes **5% rental increases** at option periods.
    (949) 698-1116
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    431 Genesee St Chittenango, NY 13037
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    431 Genesee St Chittenango, NY 13037
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