Shopping Strip

Starbucks | T-Mobile

3475 Erie Blvd E, Syracuse, NY 13214

Listing Price: $4,210,367

Cap Rate
6.00%
Gross SF
5,000
Rentable SF
5,000
Price/Gross SF
$842.07
Lot Size
0.94 acres
Year Built
2019

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sales a newly constructed, two-tenant retail center with Starbucks and T-Mobile located in the affluent DeWitt market of the Syracuse, New York metro area. Both tenants remained fully open throughout the COVID quarantine period. Both tenants paid full rent and never missed a beat. Starbucks has a drive thru window which allows for coveted contactless customer service. T-Mobile is part of the 3rd largest cell phone service provider in the country now that it has merged with Sprint. There is no overlap between this T-Mobile location and any nearby Sprint. Both leases are corporately guaranteed providing investors security in the strength and credit of the tenants to go along with the new construction of the building and quality of the location in the busy Erie Boulevard corridor.

Investment Highlights

  • OUTPARCEL TO ERIE CANAL CENTRE
  • AFFLUENT, DOMINANT TRADE AREA, REGIONAL ACCESS
  • STARBUCKS AND T-MOBILE ARE ESSENTIAL BRANDS

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    Senior Associate

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

Shopping Strip

Starbucks | T-Mobile

Listing Price: $4,210,367

Cap Rate
6.00%
Gross SF
5,000
Rentable SF
5,000
Price/Gross SF
$842.07
Lot Size
0.94 acres
Year Built
2019

Investment Highlights

  • OUTPARCEL TO ERIE CANAL CENTRE
  • AFFLUENT, DOMINANT TRADE AREA, REGIONAL ACCESS
  • STARBUCKS AND T-MOBILE ARE ESSENTIAL BRANDS

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sales a newly constructed, two-tenant retail center with Starbucks and T-Mobile located in the affluent DeWitt market of the Syracuse, New York metro area. Both tenants remained fully open throughout the COVID quarantine period. Both tenants paid full rent and never missed a beat. Starbucks has a drive thru window which allows for coveted contactless customer service. T-Mobile is part of the 3rd largest cell phone service provider in the country now that it has merged with Sprint. There is no overlap between this T-Mobile location and any nearby Sprint. Both leases are corporately guaranteed providing investors security in the strength and credit of the tenants to go along with the new construction of the building and quality of the location in the busy Erie Boulevard corridor.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • David S. Crotts

    Senior Associate

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

MM Texture Background
MM Textured Background Lower