Property Details

Price Rite

Syracuse, NY
Property ID: 10647

Financial Summary

Asking Price $8,013,073
Cap Rate 6.15%
Net Operating Income (NOI) $492,804
Lease Type NN
Lease Term Remaining 13 Years

Offering Memorandum

To download this Offering Memorandum, please enter your name, email and phone.


Andrew Fallon
Executive Managing Director

Share Property


  • 13-year corporate lease, recent lease extension
  • Corporate guarantee by Wakefern Food Corp with total retail sales of $16.3Bil in 2017
  • 1 mile away from Syracuse University with 22,500 students enrolled
  • Dense population of over 216,000 people within a 5-mile radius
  • Located just off I-690 with traffic counts of 124,000 VPD
  • Price Rite agreed to exercise their first option early to extend the lease to 2032
  • 15-year Firestone roof warranty through 2027


1625 Erie Blvd E
Syracuse, NY

Traci BidingerPrice Rite