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Views: 24 DOM: 119 Updated: 04.11.24 Posted: 01.19.24 Status: Active

Summary

Price $1,685,000
Built/Renov 1993
Tenant Associated Medical Professionals
Cap Rate 7.00%
Lease Type NN+
Guarantor Corporate
Size/SF 7,684
Lease Start 09-18-2017
#Units 10
Price/SF $219.29
Expiration 09-17-2027
Tenant Type Medical/Health
NOI $117,941
R. Term 3.4
Ownership Fee Simple
Rent/SF $15.35
Increases 1.0%/1/yrs
Pop 5Mi 106,585
Lot/AC 0.74
Options 1/5yrs/1%
AHHI 5Mi $63,932

Lease Highlights

  • Associated Medical Professionals has 3+ years remaining on the current lease term with 1 (5-year) option to extend
  • Lease features 1% annual rental increases throughout the initial term and each option period
  • Favorable NN+ lease with landlord responsible for structure
  • Corporate guaranteed lease

Location Description

Associated Medical Professionals strategically stands along Genesee St./State Highway 5, a key retail thoroughfare, with access to 13,100 vehicles passing by daily. The property features substantial street frontage and multiple points of ingress/egress. Adjacent to Oneida Health Hospital, a resident-centered care facility, the medical office is conveniently located just 1 mile east of Glenwood...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Associated Medical Professionals (A.M.P.) is a multi-specialty medical practice focusing on both men’s and women’s urological health and related treatments such as imaging, radiation oncology, and...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 4,607 13,079 21,931
2023 Total Population : 4,737 13,381 22,451
2023 Employed Civilian Pop : 2,325 6,087 10,447
2023 Total Businesses : 197 584 879
2023 Average Household Income : $ 81,992 $ 83,163 $ 87,219
2023 Total Consumer Spending : $ 152 M $ 429 M $ 733 M
2023 Median Age : 45 44 43
2023 Total Households : 2,126 5,902 9,638
2023 Pop Age 25+: Bachelor's Degree : 482 1,515 2,427
2023 Average Home Value : $ 248,001 $ 234,142 $ 226,213
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Sayles St Valley View Dr 2019 1,648 0.21 mi
Seneca St Exn 2021 2,396 0.29 mi
Genesee St Seneca St 2008 13,070 0.29 mi
Searles Ave 2021 20 0.44 mi
Sayles Street Birchwood Dr 2021 1,513 0.46 mi
Broadway St 2021 338 0.54 mi
Belmont Ave 2021 2,497 0.55 mi
S Willow St 2021 24 0.55 mi
S Willow St 2021 7 0.56 mi
Genesee Street Broad St 2021 14,592 0.57 mi

Listing Broker

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