Strip Center
Liverpool, NY
Key Details
| Price: | $3,299,000 |
|---|---|
| Cap Rate: | 6.85% |
| Annual Rent: | $225,847 |
| Address: | 3881 New York 31, Liverpool, New York 13090 |
| Property Type: | Retail |
Property Data
| Lot Size: | 1.79 Acres |
|---|---|
| Building Size: | 15,501 SF |
| Year Built: | 2011 |
NNN Pro is pleased to present the exclusive listing for a Strip
Center located at 3881 Route 31, Liverpool, NY 13041. The site
consists of roughly 15,501 rentable square feet of building space
on an estimated 1.79-acre parcel of land. The current annual rent
is $225,847. The property benefits from being in a dense retail
corridor anchored by Home Depot and Target.
About the Investment
- Great Underlying Real Estate | Property benefits from being in dense retail coridor anchored by Home Depot and Target
- Low Price Per SF | The property has an average price per square foot of $213 and an average rent per square foot of $14.57.
- Affluent Community | The subject investment property is situated in an affluent community where the average household income within a three-mile radius exceeds $108,700.
- Multiple Sources of Income | This property generates $225,847 of NOI, inclusive of a Verizon Cell Tower lease that provides $22,770 of annual income, in addition to the retail tenant's leases. The Weighted Average Lease Term of the property is over 3.94 years.
- Future Upside | Mattress Express is currently on a gross lease. Pinnacle has a 30% increase in less than 2 years
Key Details
| Price: | $3,299,000 |
|---|---|
| Cap Rate: | 6.85% |
| Annual Rent: | $225,847 |
| Address: | 3881 New York 31, Liverpool, New York 13090 |
| Property Type: | Retail |
Property Data
| Lot Size: | 1.79 Acres |
|---|---|
| Building Size: | 15,501 SF |
| Year Built: | 2011 |
Talk to the Pros
Cassandra Mosser
cmosser@nnnpro.com
License: AZ: SA677563000
Broker of Record
Glen Kunofsky
NNN Properties, LLC
License: 49KU1129178
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.