40 Catherwood Rd - Department Store FOR SALE


Ithaca, NY 14850
$5,786,957 USD
248-488-2620
40 Catherwood Rd, Ithaca, NY for Sale
$5,786,957 USD
Department Store - FOR SALE
1/1
null | 5.75% Cap Rate

40 Catherwood Rd
Ithaca, NY 14850


HIGHLIGHTS

  • High-Performing Target Ground Lease
  • Long-Term Operating History & Tenant Commitment
  • Prime Retail Location Adjacent to The Shops At Ithaca Mall
  • Strong Demographics & Accessibility

OVERVIEW

Landmark Investment Sales is pleased to present the opportunity to acquire the Target (Ground Lease) in Ithaca, New York. Target is strategically located at The Shops at Ithaca Mall, with nearby retailers including Best Buy, Michaels, Dick's Sporting Goods and BJ’s Wholesale. Target has successfully operated at this location for over 20 years and recently exercised the first of eight options, cementing its commitment to the site.

FOR SALE DETAILS

PRICE

$5,786,957 USD

PRICE/SF

$46 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Target Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

373

LAND DETAILS

LAND ACRES

10.35 AC

LAND SF

450,846 SF

ZONING

comm

APN/PARCEL ID

503201-047-001-0001-022-000-0000

ASK ABOUT THIS PROPERTY

Dan KukesLandmark Commercial RE ServicesMore Info
248-488-2620

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Dan KukesLandmark Commercial RE ServicesMore Info
248-488-2620

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.