Target Ground Lease
$5,786,957
40 Catherwood Road, Lansing, NY 14850
For Sale
Retail
Active
Last Updated: 04/02/2025
5.75
Cap Rate
332,750
NOI
Details:
Cap Rate: 5.75%
NOI: $332,750
Building Size: 126,000 sqft
Lot Area: 10.35 acres
Occupancy: 100%
Year Built: 2002
Tenancy: Single
Highlights:
- High-Performing Target Ground Lease
- Long-Term Operating History & Tenant Commitment
- Prime Retail Location Adjacent to The Shops At Ithaca Mall
- Strong Demographics & Accessibility
Description:
Landmark Investment Sales is pleased to present the opportunity to acquire the Target (Ground Lease) in Ithaca, New York. Target is strategically located at The Shops at Ithaca Mall, with nearby retailers including Best Buy, Michaels, Dick's Sporting Goods and BJ’s Wholesale. Target has successfully operated at this location for over 20 years and recently exercised the first of eight options, cementing its commitment to the site.
Documents:
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078i_Target-Ithaca__NY-OM.pdf
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Location
Gallery
