NNN Retail Property with Corporate
For Sale
Contact for pricing
323 Oriskany Blvd, Yorkville, NY 13495
Corporate-guaranteed lease with approximately 6 years remaining and 7% rental increases during option periods.
Property Size7,000 SF
Price / SF$190
Days on Market13
Property Features for 323 Oriskany Blvd
General Information
Standard status
Active
Size
7,000 SF
Property subtype
Retail
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$99,750
Site & Location
Traffic Count
21,000 vehicles/day
Road Access
Yes
Building Details
Year Built
2003
Buildings
1
Tenancy
Single
Listing Agency:
Atlantic Capital Partners
(704) 375-7771
Listed By:
Eric Suffoletto · License #MA 9577141
Source:
Crexi
Added: Aug 18
Changed: Aug 30
Last Checked: Aug 30 at 3:10AM
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 Atlantic Capital Partners
Investment Insights
Based on property information with market context.
This 7,000-square-foot retail property was constructed in 2003 and is occupied by Advance Auto Parts under a corporate-guaranteed net lease. The tenant has operated at the site since construction, with approximately 6 years remaining on the current term and 7% rental increases during the option periods.
The property is located at 323 Oriskany Boulevard in Yorkville, along a commercial corridor serving the Utica-Rome MSA. Oriskany Boulevard carries more than 21,000 vehicles per day and is surrounded by national retailers including Aldi, Wendy's, Taco Bell, AutoZone, and Safelite. Downtown Utica is 2 miles away, while the five-mile trade area includes more than 107,000 residents.
The property is located at 323 Oriskany Boulevard in Yorkville, along a commercial corridor serving the Utica-Rome MSA. Oriskany Boulevard carries more than 21,000 vehicles per day and is surrounded by national retailers including Aldi, Wendy's, Taco Bell, AutoZone, and Safelite. Downtown Utica is 2 miles away, while the five-mile trade area includes more than 107,000 residents.
Key Highlights
- 7,000‑square‑foot retail property constructed in 2003
- Advance Auto Parts occupies the property under a corporate‑guaranteed net lease
- Approximately 6 years remain on the current lease term
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$70,413
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,408,260
$1.4M
Cap Rate 7%
$1,005,900
$1.0M
Cap Rate 9%
$782,367
$782.4K
Market Conditions
NOI Build-Up for 7,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$105.0K $15.00/SF
− Vacancy
−$4.4K −$0.63/SF
EGI
$100.6K $14.37/SF
− OpEx
−$30.2K −$4.31/SF
NOI
$70.4K $10.06/SF
Area
Oneida County, NY
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,408,260
Cap Rate 7%
$1,005,900
Cap Rate 9%
$782,367
Alternative Uses
Best Use
Retail
$1.01M
$880.2K – $1.17M
NOI $70,413 @ 7.0% cap · market cap 5.29%
Second Best
Industrial
$618.5K
$541.2K – $721.6K
NOI $43,293 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $129,125 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
21,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
444
Businesses Nearby
124k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 36%
Groceries 18%
McDonald's
Dining
30,671 visits/mo
0.1 miles
Aldi
Groceries
21,970 visits/mo
0.0 miles
Hoffman Car Wash
Shops & Services
18,716 visits/mo
0.2 miles
Taco Bell
Dining
15,021 visits/mo
0.1 miles
Speedway
Shops & Services
13,721 visits/mo
0.3 miles
Demographics for 13495, NY
2,183
Population
965
Households
2.3
Avg Household Size
39
Median Age
31%
College-Educated
94%
High-School Grad
0.9 sq mi
ZIP Area
2,426
Density / Sq Mi
$63,517
Median Household Income
$48,797
Median Earnings
$1,067
Median Rent
$148,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Corporate-guaranteed lease with approximately 6 years remaining and 7% rental increases during option periods.
Where is this nnn property located?
The property is located at 323 Oriskany Blvd Yorkville, NY.
What is the asking price?
The asking price for this property is $1,330,000.
What are key features of this property?
This property features: 7,000‑square‑foot retail property constructed in 2003; Advance Auto Parts occupies the property under a corporate‑guaranteed net lease; Approximately 6 years remain on the current lease term
