Corning, NY - Multi-Tenant Retail Center

Description:

SRS National Net Lease is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in a multi-tenant retail investment property located in Corning, New York. The center is 100% occupied by established national brands and features over 11 years of remaining weighted average lease term (WALT), with each tenant benefiting from multiple 5-year renewal options, supporting long-term income stability. The stores rank well within their respective brands, with Jersey Mike’s in the 93rd percentile nationally and Starbucks in the 68th percentile, per Placer.ai (Chipotle opened too recently for reliable data).

The property is strategically positioned at the signalized hard corner intersection of W Pulteney St and S Buffalo St with a combined 19,900 vehicles passing daily, providing prime visibility and accessibility. The site also benefits from immediate proximity to I-86 (33,000 VPD), a key regional artery providing connectivity across New York. The asset is adjacent to a Tops-anchored shopping center featuring national retailers including Rent-A-Center and Sherwin-Williams. Additional national retailers in the immediate area include Walmart Supercenter, The Home Depot, and Wegmans, among others, further strengthening the retail corridor and driving consistent consumer traffic to the area. The 5-mile trade area is supported by more than 23,900 residents and 13,600 employees with an average household income of $106,473.

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Listing ID: a28TP000002OZQ5YAO