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Target Ground Lease

$5,786,957

40 Catherwood Road, Lansing, NY 14850

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.

Map:
Documents:
Title
078i_Target-Ithaca__NY-OM.pdf
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Location
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