7197 Highbridge RdFayetteville, NY 13066

Property Details for 7197 Highbridge Rd

Year built

1980

Lot size

2.78 AC

Property size (Sq ft)

4,604 SF

Zone code

R1

Property type

Investment properties

Property subtype

Live-work space

APN

313889 093.-01-47.0

APU

31388909301470

Description

This 6,800 square foot medical office building in Fayetteville, NY, presents a compelling investment opportunity. Located at 7197 Highbridge Rd, this 100% occupied property boasts a strong 10.75% cap rate and a substantial NOI of $84,893. The building, constructed in 1980 and situated on a 2.78-acre lot, is currently leased to MB2, a highly reputable dental support organization with over 750 locations nationwide. The lease has approximately 1.9 years remaining, with built-in 2% annual rental increases, offering protection against inflation and potential for future rental rate adjustments upon lease expiration. This presents a low barrier to entry for investors seeking a high return on investment, given the attractive asking price of $789,706. MB2's established presence and minimal relocation likelihood due to high build-out costs and patient retention challenges further enhance the investment's stability and long-term potential. The streamlined expansion strategy of MB2, focused on acquiring existing practices, contributes to the property's enduring value. This is a rare opportunity to acquire a well-located, high-performing medical office building with a strong tenant and significant upside potential.

Location Insight

City

Fayetteville

County

Onondaga

State

New York

Latitude

43.0197

Longitude

-76.0233

CBSA code

45060

CBSA name

SYRACUSE, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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