Two-Tenant NNN Commercial
For Sale
$2,500,000
2290 Downer Street Road, Van Buren, NY 13027
Long-term triple-net leases support diversified occupancy across automotive service and urgent-care uses.
Property Size5,868 SF
Lot Size1.06 Acres
Price / SF$426.04
Days on Market50
Property Features for 2290 Downer Street Road
General Information
Standard status
Active
Size
5,868 SF
Lot size
1.06 Acres
Property subtype
Commercial
Occupancy
100%
Additional Details
Road Access
Yes
Service Bays
3
Taxes and HOA fees
Annual Taxes
$19,550
Amenities
full basement
Building Details
Building Size
5,868 SF
Year Built
2023
Buildings
1
Tenancy
Multi
Listing Agency:
Century 21 Galloway Realty
Listed By:
William R Galloway · License #31GA0866669
(315) 342-2111
Source:
Griffith-realty
Added: Aug 18
Changed: Sep 26
Last Checked: Oct 5 at 10:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Galloway Realty
Investment Insights
Based on property information with market context.
This approximately 5,868-square-foot commercial property is configured for two occupants, with Valvoline and an urgent-care provider operating under long-term triple-net leases. The modern facility includes three service bays, a full basement, and commercial-grade construction. Existing leases are part of the offering, with scheduled rent increases of approximately 10% every five years.
The property occupies approximately 1.06 acres and provides roughly 200 feet of road frontage along Downer Street Road, with access near Meigs Road. Its two-tenant layout combines automotive service and healthcare-related occupancy in a single commercial asset. Lease and financial documentation is available to qualified buyers subject to a confidentiality agreement.
The property occupies approximately 1.06 acres and provides roughly 200 feet of road frontage along Downer Street Road, with access near Meigs Road. Its two-tenant layout combines automotive service and healthcare-related occupancy in a single commercial asset. Lease and financial documentation is available to qualified buyers subject to a confidentiality agreement.
Key Highlights
- Approximately 5,868‑square‑foot commercial property on approximately 1.06 acres
- Two‑tenant occupancy includes Valvoline and an urgent‑care provider
- Long‑term triple‑net leases with approximately 10% increases every five years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,831
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,416,620
$1.4M
Cap Rate 7%
$1,011,871
$1.0M
Cap Rate 9%
$787,011
$787.0K
Market Conditions
NOI Build-Up for 5,868 SF
Gross rent
$105.6K $18.00/SF
− Vacancy
−$4.4K −$0.76/SF
EGI
$101.2K $17.24/SF
− OpEx
−$30.4K −$5.17/SF
NOI
$70.8K $12.07/SF
Area
Onondaga County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,416,620
Cap Rate 7%
$1,011,871
Cap Rate 9%
$787,011
Alternative Uses
Best Use
Retail
$1.01M
$885.4K – $1.18M
NOI $70,831 @ 7.0% cap · market cap 2.83%
Second Best
Healthcare Medical
$754.4K
$660.1K – $880.2K
NOI $52,809 @ 7.0% cap · market cap 2.11%
Theoretical Best
Office A
$1.02M
$892.3K – $1.19M
NOI $71,385 @ 7.0% cap · market cap 2.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Service bays
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
179
Businesses Nearby
128k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Groceries 37%
Shops & Services 20%
Home Improvements & Furnishings 1%
Tops Friendly Markets
Groceries
29,878 visits/mo
0.4 miles
McDonald's
Dining
26,191 visits/mo
0.3 miles
Aldi
Groceries
17,115 visits/mo
0.2 miles
Taco Bell
Dining
13,907 visits/mo
0.4 miles
Dunkin' Donuts
Dining
12,781 visits/mo
0.3 miles
Demographics for 13027, NY
34,507
Population
15,276
Households
2.3
Avg Household Size
44
Median Age
45%
College-Educated
96%
High-School Grad
67.0 sq mi
ZIP Area
515
Density / Sq Mi
$91,369
Median Household Income
$55,805
Median Earnings
$1,258
Median Rent
$226,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
NNN property - Long-term triple-net leases support diversified occupancy across automotive service and urgent-care uses.
Where is this nnn property located?
The property is located at 2290 Downer Street Road Van Buren, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Approximately 5,868‑square‑foot commercial property on approximately 1.06 acres; Two‑tenant occupancy includes Valvoline and an urgent‑care provider; Long‑term triple‑net leases with approximately 10% increases every five years
