431 Genesee St, Chittenango, NY 13037

This fee-simple investment opportunity presents a 6,549 square foot Advance Auto Parts store in Chittenango, NY. The property, built in 2007, sits on a 0.67-acre lot with 32 parking spaces and boasts a prominent location at the signalized intersection of US Hwy 5 and Genesee St, experiencing over 21,900 vehicles per day. The current lease, a Net Net (NN) agreement with limited landlord responsibilities, has approximately 3 years remaining with three 5-year options to extend, featuring 5% rental increases at the start of each option period. The property generates a Net Operating Income (NOI) of $123,516, resulting in an 8.25% capitalization rate. The asking price is $1,497,000 ($228.58/sq ft). The property is zoned commercial and benefits from strong tenant synergy with nearby national retailers including Walgreens, O'Reilly Auto Parts, and more, serving a 5-mile trade area with over 12,100 residents and an average household income of $121,874. This presents a low-management, high-return investment opportunity with a well-established tenant in a prime retail location. The property's APN is 254801 41.81-1-47.