Clay Commons | Triple Net (NNN) Lease

Highlights:

• NNN Lease Structures Allows For a High Cap Return With All Expenses Reimbursed By Tenants
• Stabilized Property With a Strong Value-Add Component By Bringing Current Leases to Market Rates and Adding Term
• Current Owner Has Invested Over $150,000 in Upgrades in the Last 2 Years Including Roof, HVAC, Paint, Electrical, Plumbing and Parking Lot Improvements, Providing For a Well Maintained Property With Little to No Deferred Maintenance
• Long Term Operating History; the Majority of Tenants Have Been at the Location For 15+ Years, While Exercising Options Throughout Terms, Showing Commitment to the Site
• Established and Internet Resistant Tenant Mix With Strong Local Following and Synergy
• Site Sits on Over 11 Acres of Land With Ample Parking, Signage and New LED Lighting
• The Property Experiences Excellent Visibility From Oswego Road With All Buildings Facing the Street, Drawing Traffic From Vehicles, as Well as, the Many Residential Developments in the Area
• Directly in the Path of Progress, Located Only 4 Miles Away From the World’s Largest Amazon Distribution Center at 3.8M SQ Feet, Which Will Bring 1,000 Full-Time Jobs and an Explosion of Economic Growth and Activity to the Area
• Syracuse MSA is Within the Top 100 in the Country With Over 650,000 Residents
• Strategically Located at a Signalized Intersection on Oswego Rd, Seeing Over 27,789 VPD
• Located 3 Miles From the I-90 (NY State Thruway) Interchange Which is the Longest Interstate Highway in the U.S. at 3,020 Miles Ranging from Boston to Seattle
• Excellent and Affluent Demographics; Over 22,000 People Making an Average Income of $98,000 Within a 2-Mile Radius

Description:

Sands Investment Group is Pleased to Exclusively Offer For Sale the Value - Add 60, 000 SF Destination Center, Including 4 Outparcels, Located at 8075 Oswego Rd in Liverpool, NY. This Property is Located Within a 10 Minute Drive of One of the Largest Amazon Distribution Centers in the World at 3.8M Square Feet, Scheduled to Open in Fall 2021, Bringing Over 1, 000 Full- Time Jobs and a Tremendous Amount of Economic Activity and Development to the Area. With Long Term Operating Histories and Attractive Lease Terms, this Opportunity Provides For a Best-of-Class Investment With Income Growth and Tremendous Upside in the Desirable Syracuse Market.

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