500 Butternut St Syracuse, NY 13208

This exceptional investment opportunity presents a six-unit, 45,991 square foot retail plaza in Syracuse, NY, boasting a strong tenant mix anchored by Family Dollar and Save-A-Lot. Located on a 1.03-acre lot at 500 Butternut St, 13208, this property enjoys a prime location near I-81, St. Joseph's Hospital, and Syracuse's Little Italy, resulting in high visibility and significant daily traffic (8,000 vehicles per day). Currently operating at 100% occupancy, the property generates a substantial net operating income (NOI) of $213,859, yielding an attractive 8.07% cap rate at an asking price of $2,650,000 ($57.62/sq ft). The property features a triple-net (NNN) lease structure with built-in rent bumps, providing long-term financial stability. One 2,060 square foot retail space is currently available, presenting an immediate opportunity to increase revenue. This well-established center benefits from the stability of national tenants, proven resilience during economic downturns, and a high-traffic location, making it an ideal addition to any investment portfolio. The property consists of one building and is classified as a grocery store, shopping center, and storefront.