5427 Burdick St Fayetteville, NY 13066-9689

Property Details for 5427 Burdick St

Year built

1979

Lot size

3.40 lot acres

Property size

15,100 SF

Zone code

CB

Property type

Automotive properties

APN

313889 086.-01-04.2

APU

31388908601042

Description

This exceptional investment opportunity presents a 39,521 square foot, two-building Tesla Service Center situated on a 4.08-acre lot in Fayetteville, NY. Completed in 2023, this newly constructed facility benefits from a long-term lease with a corporate guarantee from Tesla, Inc., ensuring stable and predictable income. The property enjoys a strategic location with excellent visibility and access along North Burdick Street (13,456 AADT), near the junction with Highway 5 (21,307 AADT) and US-481 (59,226 AADT), providing convenient access to the greater Syracuse metropolitan area. The strong demographics further enhance the property's value, boasting a 470,013 total daytime population within a 15-mile radius and an average household income of $122,686 within a 5-mile radius. Its proximity to other luxury car dealerships, including Mercedes-Benz of Syracuse and Romano Ford, as well as major retail centers like Towne Center at Fayetteville and Erie Canal Centre, contributes to high foot traffic and brand synergy. The location is also less than 10 miles from Downtown Syracuse and approximately 7 miles from Syracuse University, a significant employer with over 20,000 employees and students. This property offers a compelling combination of a strong tenant, prime location, and robust market fundamentals, making it an attractive investment with a 6.50% cap rate. The property's strategic location and significant investment by both landlord and tenant contribute to its exceptional value and potential for long-term growth.

Location Insight

City

Fayetteville

County

Onondaga

State

New York

Longitude

-76.0188

Latitude

43.0369

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments