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    210 Hamilton St Syracuse, NY 13204

    Sponsored
    For Sale
    $2,400,000

    Syracuse Starbucks: 10-Year Lease

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a fee-simple ownership of a brand-new, 1,625 square-foot Starbucks located at 210 Hamilton St, Syracuse, NY 13204. Built in 2024, this drive-thru and pickup-only store represents the latest in QSR coffee retail design. The property boasts a strong 10-year net lease with a credit-rated, corporate-guaranteed tenant (Starbucks, rated BBB+ by S&P), commencing June 1, 2024, and expiring June 30, 2034. The lease includes four 5-year renewal options, with a 10% rent increase every five years. The property generates a Net Operating Income (NOI) of $120,000, resulting in a 5.00% cap rate. Situated on Route 5 (45,579 vehicles per day) with convenient access to I-81 (94,887 vehicles per day), this location benefits from high visibility and significant traffic volume. The property also features 22 parking spaces and is only 2.5 miles from the Syracuse University campus. This is a rare chance to acquire a well-located, high-performing asset with a secure, long-term lease from a globally recognized brand. Asking price is $2,400,000. 100% occupancy.

    Property Features for 210 Hamilton St

    General Information

    Property type
    Restaurants

    Building Details

    Year Built
    2024

    HighLights

    • 2024‑built Starbucks with a 10‑year net lease, located 2.5 miles from Syracuse University.
    • Drive‑thru and pickup only store, a new prototype design.
    • Investment‑grade tenant, Starbucks, with a S&P rating of BBB+.
    • High‑traffic location on Route 5 (45,579 VPD), with convenient access to I‑81 (94,887 VPD).
    • 10% rent increases every 5 years throughout the lease term.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Syracuse
    County
    Onondaga
    State
    New York
    Longitude
    -76.1842175
    Latitude
    43.0516528

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    FAQs

    What type of property is this?
    Restaurant - Syracuse Starbucks: 10-Year Lease
    Where is this restaurant located?
    The property is located at 210 Hamilton St Syracuse, NY.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: 2024-built Starbucks with a 10-year net lease, located 2.5 miles from Syracuse University.; Drive-thru and pickup only store, a new prototype design.; Investment-grade tenant, Starbucks, with a S&P rating of BBB+.
    Request Owner's contact information
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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
    210 Hamilton St Syracuse, NY 13204
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