3125 Erie Blvd E East Syracuse, NY 13057

Building Details

Year Built

1999

Listing Agency Sutton Real Estate Company LLC Show Phone

Listed by Barton Feinberg · License #NY 30FE1034180

Source Crexi

Added: Aug 28, 2024 Checked: Jul 15 at 11:13 am

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Investment Insights

Based on property information with market context.

Located at 3115-3117 Erie Blvd. E. in DeWitt, NY, this property presents an investment opportunity. The 6,000 sq ft building is occupied by FedEx Corporation and features a NNN lease with approximately nine years remaining. The property was completely renovated in 2023. It includes more than 30 parking spaces. Situated in a high-traffic area with favorable demographics, the location benefits from a densely populated surrounding area. The property is located near a strong daytime employee and household base.

Key Highlights

• Tenant is FedEx Corporation (S&P:BBB) providing a stable, reliable income stream
• Attractive 7.73% cap rate
• NNN lease with approximately nine years remaining

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FAQs

What type of property is this?

NNN property - 6,000 SF property with long-term FedEx lease.

Where is this nnn property located?

The property is located at 3125 Erie Blvd E East Syracuse, NY.

What is the asking price?

The asking price for this property is $1,500,000.

What are key features of this property?

This property features: Tenant is FedEx Corporation (S&P:BBB) providing a stable, reliable income stream; Attractive 7.73% cap rate; NNN lease with approximately nine years remaining