Family Dollar - Top Performing Store - Heart of… — Sale in Syracuse, NY
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Syracuse, NY 13208
Photos
Investment Figures
- Cap rate
- 8.40%
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 present the opportunity to acquire a net leased investment consisting of a Family Dollar located at 1701 N Salina Street on a prominent retail corridor in Syracuse, New York. This Family Dollar is subject to a net lease with approximately 6+ years remaining in the current term and (2) five-year renewal options, offering a long-term income with rental increases in option terms. It is a well-established store that has operated at this location since 2013. The subject property features an 8,320 SF building on a 0.98-acre parcel (42,688 SF). The site benefits from strong visibility and access along N Salina Street (7,000+ VPD) and includes ample parking and high-visibility signage. Constructed in 2013, the property offers modern construction suited for retail operations. This Family Dollar is strategically positioned along the established North Salina Street commercial corridor in Syracuse. The property benefits from strong visibility and access along a key north-south thoroughfare serving the Northside and broader Syracuse market. It is near major demand drivers including St. Joseph’s Hospital, Upstate University Hospital, Syracuse University, and Destiny USA, Central New York’s largest shopping and entertainment destination. The area continues to benefit from the city’s steady economic activity and institutional presence. The surrounding trade area draws from a robust demographic base, with a population of 55,000+ within a 2-mile radius, 238,000+ within a 5-mile radius, and 385,000 within a 10-mile radius, and AHHIs of $57,000, $68,000, and $83,000, respectively. Syracuse, the economic center of Central New York and home to Syracuse University and major healthcare institutions, continues to drive consumer demand across its key retail corridors. The market is further supported by Micron Technology’s landmark semiconductor manufacturing project in nearby Clay, the largest private investment in New York State history. With planned investm
Market Context
This retail in Syracuse, NY is listed for sale. It is offered at an approximate 8.4% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Syracuse, NY — view the full market.
Contact
- Scott Sandelin
- Andrew Rodriguez
- John Horowitz · (212) 430-5100
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