Building Details

Building Size 3,908 SF

Listing Agency: Legacy Real Estate Advisors

Listed By: Danny Francis · License #MI #6501439384 Show Phone

Source: Legacycrea

Added: Mar 26 Changed: Oct 3 Last Checked: Oct 4 at 6:16AM

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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 Legacy Real Estate Advisors

Investment Insights

Based on property information with market context.

This property features two free-standing retail units situated on a single tax parcel in Caledonia, New York. The property is currently configured as an Upstate Bottle Return, operating under a 5-year sale lease-back agreement effective at the close of escrow. The lease is structured as an absolute NNN lease, assigning zero landlord responsibilities. The second unit, comprising 2,100 square feet, is occupied by a smoke shop under a gross lease agreement. The property offers a 10.27% capitalization rate.

Key Highlights

• Absolute NNN lease structure provides zero landlord responsibilities.
• High 10.27% CAP rate.
• Benefit from a 5‑year sale lease‑back at close of escrow.

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Law Firm Parking Lot & Garage Auto Parts Store Building Supply Big Box & Wholesale Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

201

Businesses Nearby

6k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Sunoco Shops & Services

4,171 visits/mo 0.3 miles

Five Star Bank Shops & Services

1,380 visits/mo 0.2 miles

Demographics for 14423, NY

4,557

Population

2,166

Households

2.1

Avg Household Size

45

Median Age

36%

College-Educated

97%

High-School Grad

48.3 sq mi

ZIP Area

94

Density / Sq Mi

$80,129

Median Household Income

$45,625

Median Earnings

$1,010

Median Rent

$181,800

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Two-unit retail property with sale lease-back opportunity.

Where is this retail space located?

The property is located at 3235-3229 State St Caledonia, NY.

What is the asking price?

The asking price for this property is $284,999.

What are key features of this property?

This property features: Absolute NNN lease structure provides zero landlord responsibilities.; High 10.27% CAP rate.; Benefit from a 5‑year sale lease‑back at close of escrow.