125 Genesee StFayetteville, NY 13066

Property Details for 125 Genesee St

Year built

1988

Lot size

0.12 AC

Property size (Sq ft)

1,792 SF

Zone code

B2

Property type

Commercial land

APN

313801 018.-06-07.1

APU

31380101806071

Description

This exceptional investment opportunity presents a brand-new, 3,500 square foot Splash Car Wash located at 125 W Genesee St, Fayetteville, NY 13066. Built in 2024, this state-of-the-art facility benefits from a 20-year absolute NNN ground lease with a corporate guarantee, eliminating landlord responsibilities. The lease commenced July 1, 2024, and expires June 30, 2044, offering a substantial remaining term of approximately 19.6 years. Rent increases by 10% every five years, ensuring consistent income growth. Three five-year renewal options further enhance the long-term value. The property sits on a 0.9-acre lot and boasts a 6.00% cap rate with a current NOI of $212,500. Its prime location within a Target-anchored shopping center, attracting over 5.9 million shoppers annually, provides exceptional visibility and high traffic. Nearby tenants include prominent retailers such as McDonald's, Tops Friendly Markets, Kohl's, and more, solidifying its position in a thriving commercial area. This is a rare opportunity to acquire a secure, high-performing investment with significant long-term potential. The property's strong tenant, Splash Car Wash, a well-established operator with over 80 locations, further mitigates risk. The asking price is $3,541,666.

• Alternative Use

  Use

  Valuation

  Residential

  $331,226

  Hospitality

  $303,402

  Educational

  $252,427

  Medical

  $261,108

  Retail

  $392,664

Location Insight

City

Fayetteville

County

Onondaga

State

New York

Latitude

43.0289

Longitude

-76.014

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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