Investment Highlights

LONG-TERM NNN GROUND LEASE TO STRONG NATIONAL TENANT
» Long-term NNN ground lease with six five-year option periods
» Corporate guaranty from Lowe’s Home Improvement, Inc. (NYSE: “LOW”)
» Provides an ideal passive investment for an out-of-area investor
» 7% rental increases in option periods, providing a hedge against inflation
» Lowe’s is the nation’s second-largest hardware chain, with more than 2,200 locations and over $72 billion in annual revenue

SIGNALIZED HARD-CORNER LOCATION IN LARGE AND AFFLUENT NEW YORK MARKET
» Signalized hard-corner location on State Highway 31 with access to 24,990 vehicles per day directly in front of the location
» One mile from State Highway 481, a major north-south New York thoroughfare connecting Onondaga County and Oswego County (32,750 AADT)
» Supported by a robustly affluent customer base, with an average annual household income of $98,777 within a three-mile radius of the site
» 69,915 residents within a five-mile radius of the location, providing a large customer base for the property
» The five-mile trade area is supported by 25,000+ employees

ANCHOR OF NEWLY DEVELOPED CLAY SOUTH SHOPPING CENTER IN DENSE RETAIL CORRIDOR
» Anchor tenant of Clay South Center, a newly developed 200,000-SF shopping center surrounded by national tenants like Hobby Lobby, Chipotle, Starbucks, and more
» Immediately adjacent to several national retailers including Walmart Supercenter, Target, Kohl’s, ALDI, McDonald’s, KFC, and many more, promoting crossover shopping to the location
» Within walking distance of Willow Stream Apartments North (180 units) and The Woodlands at Willow Stream (123 residences)
» Gateway to major tourist attractions and recreational areas, including Lake Ontario to the north and Downtown Syracuse to the south

Property Description

SOLD

The property has a signalized hard-corner location along State Highway 31, a high-visibility site with access to 24,990 vehicles per day directly in front of the location. The site is one mile from State Highway 481, a major north-south New York thoroughfare connecting Onondaga County and Oswego County (32,750 AADT). The location is supported by a robustly affluent customer base, with an average annual household income of $98,777 within a three-mile radius of the site. Visibility is increased by the 25,000+ employees in the surrounding five-mile trade area. The property is also supported by a large customer base, with 69,915 residents living within a five-mile radius of the site.

The property serves as the anchor tenant of Clay South Center, a newly developed 200,000-SF shopping center surrounded by national tenants Hobby Lobby, Chipotle, Starbucks, and more. The site immediately adjacent to several other national retailers including Walmart Supercenter, Target, Kohl’s, ALDI, McDonald’s, KFC, and many more, promoting crossover shopping to the location. The property resides within walking distance of Willow Stream Apartments North (180 units) and The Woodlands at Willow Stream (123 residences). Additionally, the property is neighbored by TownePlace Suites by Marriott Syracuse Liverpool (105 rooms) and Hampton Inn Syracuse Clay (77 rooms), increasing foot traffic to the site. The location also serves as a common gateway to major tourist attractions and recreational areas, including Lake Ontario to the north and Downtown Syracuse to the south.