5140 Commercial Dr Utica, NY 13505

This exceptional investment opportunity presents a 23,250-square-foot retail storefront in Utica, NY, currently 100% occupied by two tenants under a net lease agreement. The primary tenant is Gerber Collision, backed by a corporate guarantee from the Boyd Group (TSX:BYD), a service-oriented and recession-resistant business. The lease commenced March 1, 2019, with a remaining term of approximately 4.7 years, extending to July 31, 2029, and includes three 5-year renewal options. The property boasts a strong 7.97% cap rate based on a net operating income (NOI) of $94,080. Situated on a 2.19-acre lot at 5140 Commercial Drive, Utica, NY 13505, this property benefits from high visibility and accessibility, with direct frontage and signage on a major retail thoroughfare experiencing approximately 18,000 vehicles daily. The location offers convenient access to NY State Route 5A and is surrounded by numerous auto retailers and service centers, creating a synergistic environment. The property was built in 1957 and features a strong tenant profile within a market demonstrating significant demand and limited supply of retail space. This offering presents a compelling investment opportunity, particularly given the limited number of comparable Gerber Collision properties currently available nationwide. The asking price is $1,180,000. Rent bumps are detailed in the offering memorandum. APN: 305-018-0003-031-000-0000.