AT&T - Fulton, NY — Sale in Fulton, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Fulton, NY 13069

Photos

AT&T - Fulton, NY — Sale in Fulton, NY, photo 1 of 2
AT&T - Fulton, NY — Sale in Fulton, NY, photo 2 of 2

Investment Figures

Cap rate
8.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to exclusively offer for sale a freestanding AT&T store operated by Prime Communications, the largest AT&T Authorized Retailer in the United States. The subject property is located at 355 South 2nd Street in Fulton, New York. The AT&T features a triple-net lease, with landlord responsibilities only consisting of roof and structure repair/replacement. This 1,600-square-foot, freestanding building is near Country Road 3, which sees 18,870 vehicles per day. The Country Road 3 bridge provides access over the Oswego River, driving traffic through Fulton. Nearby retailers include Wendy’s, Dunkin Donuts, Burger King, and Arby’s. The original move-in date was 2016, and the current term extends five years from closing. The tenant has two five-year renewal options with 10 percent increases per renewal option. The lease is guaranteed by Prime Comms Retail, LLC, the largest AT&T authorized retailer in the nation (2,000 locations). Investment Highlights: • Lease Guaranteed by Prime Comms Retail LLC: Largest AT&T Authorized Retailer in the United States • Near Main Thoroughfare of Fulton, New York • Triple-Net Lease • National Retailers Nearby

Market Context

This retail in Fulton, NY is listed for sale. It is offered at an approximate 8.0% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Fulton, NY — view the full market.

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