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.
Continue

Contact

Andrew Fallon
Executive Managing Director
703.787.4733

Share Property

Highlights

  • 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

Location

1625 Erie Blvd E
Syracuse, NY

Traci BidingerPrice Rite