Medical Office Portfolio | Oneida, NY - Associated Medical Professionals

357 Genesee Street, Oneida, NY

$1,744,000

Price

6.5%

Cap Rate

$113,339

NOI

Overview
Cap Rate
6.5%
NOI
$113,339
Building Size
7,684 sqft
Occupancy
100%
Year Built
1993
Description

- Associated Medical Professionals of NY, PLLC corporate guaranteed lease
- The tenant has approximately 8 years remaining in the initial lease term with 1 (5-year) option periods to extend
- Rare 1% annual rental increases throughout the initial term starting 9/18/2021

- The subject property is located near the signalized, hard corner intersection of Genesee Street and Glenwood Avenue, averaging 28,700 vehicles passing by daily
- This site is adjacent to Oneida Healthcare Hospital, a 101-bed acute care hospital and a 160-bed extended care facility, providing a direct consumer base to draw from
- Nearby national/credit tenants include Walmart Supercenter, Loweâ€s, Price Chopper, Advance Auto Parts, Save A Lot, and more


Location
Gallery