Advance Automotive (Binghamton)
$1,355,000
75 Robinson St, Binghamton, NY 13901
6.5
Cap Rate
88,056
NOI
Details:
Highlights:
- Recent Increase with 10 Years of Initial Term Left.
- New Roof in 2025.
- 10 minutes to Binghamton University.
- Located at Signalized Corner Leading to I-81/I-86.
Description:
SLN Capital Markets, a division of S.L. Nusbaum Realty Co., is pleased to exclusively present for sale the Advance Auto Parts property located at 75 Robinson Street in Binghamton, NY. The building, with a new roof in 2025, contains approximately 7,000 SF and sits at a signalized corner on approximately 0.76 AC. It has excellent visibility from the feeder road leading to Interstates 81 and 86 and is strategically located within a mile of many of the city’s auto repair shops.
Advance has been operating in this same location for more than 25 years and recently committed to a lease extension through December 31, 2035 with two, 5-year options remaining.
Binghamton serves as the principal city of a metropolitan area of roughly 250,000 residents offering a mix of cultural amenities and natural beauty. Binghamton University is the area’s largest employer. This top-ranked public research institution enrolls over 18,000 students and generates an estimated $1.49 billion annual economic impact.
In addition, two large healthcare systems employ thousands and advanced manufacturing and defense firms like Lockheed Martin and BAE systems continue the region’s legacy in high-tech production which originated with IBM.
Documents:
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| Advance_Auto_Parts__Binghamton__NY_OM.pdf |
Location
Gallery
