Bavi Nails and Top Choice
Cicero, NY
Key Details
| Price: | $1,123,000 |
|---|---|
| Cap Rate: | 7.26% |
| Annual Rent: | $81,474 |
| Address: | 5859 New York 31, Cicero, New York 13039 |
| Property Type: | Retail |
Property Data
| Lot Size: | 0.51 Acres |
|---|---|
| Building Size: | 4,800 SF |
| Year Built: | 2019 |
NNN Pro is pleased to present the exclusive listing for a Strip Center located at 5859 Route 31, Cicero, NY 13039. The site consists of roughly 4,800 rentable square feet of building space on an estimated 0.51-acre parcel of land. The current annual rent is $81,474 and has an weighted average lease term of 1.9 years.
About the Investment
- 2019 Construction With Immediate Upside Potential | New buyer can lease up the vacant space - 1,200 SF end cap.
- 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.
- Robust Traffic Counts | The subject property experiences over 12,700 and 43,700 vehicles per day along NY Highway-31 and Interstate-81, respectively.
- Low Price Per SF | The property has an average price per square foot of $234 and an average rent per square foot of $16.97.
About the Location
- Strong Academic Presence | Cicero North High School, Gillette Road Middle School, and Cicero Elementary School are all located within a three-mile radius of the subject property and have over 3,300 students collectively enrolled.
- Syracuse Hancock International Airport | The subject investment property benefits from being located approximately eight miles from Syracuse Hancock International Airport, which experiences over 2.8 million passengers a year.
- Proximity to a Walmart Supercenter | The subject investment property also benefits from being located less than two miles from a Walmart Supercenter, which brings additional traffic and visibility into the nearby area.
- Strong Retail Corridor | from being located less than two miles from a Walmart Supercenter, which brings additional traffic and visibility into the nearby area. Strong Retail Corridor Major national tenants in the area include: McDonald’s, Arby’s, Dunkin’, Cracker Barrel, Dollar Tree, ALDI, Walgreens, Speedway, Go Car Wash, and many more.
Key Details
| Price: | $1,123,000 |
|---|---|
| Cap Rate: | 7.26% |
| Annual Rent: | $81,474 |
| Address: | 5859 New York 31, Cicero, New York 13039 |
| Property Type: | Retail |
Property Data
| Lot Size: | 0.51 Acres |
|---|---|
| Building Size: | 4,800 SF |
| Year Built: | 2019 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Cassandra Mosser
cmosser@nnnpro.com
License: AZ: SA677563000
Broker of Record
Glen Kunofsky
NNN Properties, LLC
License: 49KU1129178
Related Listings
Loading...
Strip Center
3881 New York 31, Liverpool, New York 13090
PRICE$3,299,000
CAP RATE6.85%
Loading...
Kinney Drugs
9543 Brewerton Road, Brewerton, New York 13029
PRICE$2,648,800
CAP RATE7.50%
Loading...
Verizon
266 West Main Street, Malone, New York 12953
PRICE$496,552
CAP RATE7.25%
Loading...
Mattituck Car Wash
6565 Main Road, Mattituck, New York 11952
PRICE$2,632,258
CAP RATE7.75%
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.