Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a net leased investment consisting of a Family Dollar located at 1701 N Salina Street on a prominent retail corridor in Syracuse, New York. This Family Dollar is subject to a net lease with approximately 6+ years remaining in the current term and (2) five-year renewal options, offering a secure long-term income stream with 21% rental increases on 1st option & 10% in 2nd option term. It is a well-established store that has operated at this location since 2013. The subject property features an 8,320 SF building on a 0.98-acre parcel (42,688 SF). The site benefits from strong visibility and access along N Salina Street (7,000+ VPD) and includes ample parking and high-visibility signage. Constructed in 2013, the property offers modern construction suited for retail operations. This Family Dollar is strategically positioned along the established North Salina Street commercial corridor in Syracuse. The property benefits from strong visibility and access along a key north-south thoroughfare serving the Northside and broader Syracuse market. It is near major demand drivers including St. Joseph’s Hospital, Upstate University Hospital, Syracuse University, and Destiny USA, Central New York’s largest shopping and entertainment destination. The area continues to benefit from the city’s steady economic activity and institutional presence. The surrounding trade area draws from a robust demographic base, with a population of 55,000+ within a 2-mile radius, 238,000+ within a 5-mile radius, and 385,000 within a 10-mile radius, and AHHIs of $57,000, $68,000, and $83,000, respectively. Syracuse, the economic center of Central New York and home to Syracuse University and major healthcare institutions, continues to drive consumer demand across its key retail corridors. The market is further supported by Micron Technology’s landmark semiconductor manufacturing project in nearby Clay, the largest private investment in New York State history. With planned investment exceeding $100 billion over two decades for up to four fabrication facilities, the project—already under vertical construction following the July 2026 first concrete pour—is expected to create approximately 9,000 direct high-wage jobs and up to 50,000 total regional jobs, significantly enhancing long-term population growth and consumer spending power throughout the greater Syracuse market. Family Dollar—a leading discount variety retailer, is one of the largest value retail chains in the United States, with thousands of locations nationwide. The brand offers reliable investment security through its established business model and strong consumer recognition for everyday essentials and household goods.