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3125 Erie Blvd Syracuse, NY 13057

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Syracuse, NY: High-return FedEx storefront.

Property size:
6,000 SF

Property Features for 3125 Erie Blvd

General Information

Property type
Individual retail properties
Square Feet
6,000 SF
Class
A
Lot Size
24,394 SF

Building Details

Year Built/Renovated
1999/2023
Buildings
1
Stories
1
Units
2

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Listing Contact
Barton Feinberg
Barton Feinberg

Listing Agency: Sutton Real Estate Company LLC Listing Agent: Barton Feinberg

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This exceptional investment opportunity presents a 6,000 square foot, Class A storefront in East Syracuse, NY, fully occupied by a credit-rated FedEx under a Net Lease. The property, built in 1999 and completely renovated in 2023, boasts a strong 6.75% cap rate and a substantial remaining lease term of 8.5 years (expiring 05/31/2033, commencing 06/01/2023), with renewal options for 2-5 years. The single-tenant, NNN lease provides a stable income stream, further enhanced by rent bumps scheduled for years 6-10. Located at 3125 Erie Blvd E, the property sits on a 0.56-acre lot and includes 35 parking spaces, catering to both employees and customers. The building is situated in a high-traffic area within Onondaga County, benefiting from excellent demographics and a densely populated surrounding area. The property's strong financial performance is underscored by a current NOI of $112,456 and a price per square foot of $277.67. This is a 1031 exchange-eligible property, making it an attractive option for investors seeking tax advantages. The property is zoned for commercial use and comprises one, single-story building with two units. This investment offers a compelling blend of stability, strong cash flow, and significant growth potential.
Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

  • Map
  • Local Demand
City
Syracuse
County
Onondaga
State
New York
Longitude
-76.0813041
Latitude
43.0560053

FAQs

What type of property is this?
Individual retail property - Syracuse, NY: High-return FedEx storefront.
Where is this individual retail property located?
The property is located at 3125 Erie Blvd Syracuse, NY.
What is the asking price?
The asking price for this property is $1,666,000.
What are key features of this property?
This property features: Investment-grade tenant: FedEx Corporation (S&P: BBB).; 6.5% capitalization rate.; NNN lease with nine years remaining, plus two five-year renewal options.
(315) 424-1111 Call to check price and availability
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