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431 Genesee St, Chittenango, NY, 13037

Advance Auto Parts
$1,600,000

Key Information

Cap Rate
7.5%
$ per SF
$235
Tot. SF
6,806
Lot Size
0.72 Acres
Year Built
2007
Term Remaining
±7 YRS
Type
Retail
NOI
$120,000
Leasable Area
6,549

Highlights

  • Constructed in 2007 as a built-to-suit for Advance Auto Parts.
  • Tenant recently executed an early lease extension through November 2032 —reflecting long-term operational commitment.
  • Chittenango is positioned within the Syracuse MSA, and features close proximity to I-90, which sees ±36,300 vehicles daily.
  • Strong retail synergy with surrounding national tenants including Burger King, Best Buy, Home Depot, Dick’s Sporting Goods, Marshalls, Dollar General and more.
  • Strong average household income of $121,032 in a 5-mile radius.
  • Advance Auto Parts adjusted the rent commencing in the extended term, boosting store profitability and ensuring long-term success at this location.
  • Advance Auto Parts (NYSE: AAP) is one of the nation’s largest automotive aftermarket parts providers, serving both professional installers and do-it-yourself customers.
  • Lease is corporate guaranteed by Advance Stores Company, Inc. (S&P Rated BB)
  • Considered an essential retailer, Advance Auto Parts has maintained consistent operations and rent payments, including throughout the COVID-19 pandemic.

Photos

Location

Agents

Broker of Record

Cory Rosenthal

License # 10311210106 (NY), 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203