Offering Memorandum
Investment Sale
Target
40 Catherwood Rd
Ithaca, New York
Ithaca, New York
eCode:078i
Sales Price
$5,786,957
NOI
$332,750
Cap Rate
5.75%
Building Size
126,000 SF
Lot Size
10.35 AC
Year Built
2002
Traffic Count
NY-13 (30,900 CPD)
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
| Radius | 1 mile | 3 mile | 5 mile |
| Population Density | 5,018 | 35,019 | 64,840 |
| Household Income | $176,118 | $115,644 | $110,577 |
| Daytime Pop | 2,585 | 16,135 | 27,796 |
SIMILAR PROPERTIES
Single-Tenant
2710 Salem Ave
925 Woodville Rd
Dayton & Toledo, Ohio
Dayton, OH: $1,833,333
Toledo, OH: $1,866,667 | Dayton, OH: 13,905 SF
Toledo, OH: 15,048 SF
925 Woodville Rd
Dayton & Toledo, Ohio
Dayton, OH: $1,833,333
Toledo, OH: $1,866,667 | Dayton, OH: 13,905 SF
Toledo, OH: 15,048 SF
Single-Tenant
30755 Montpelier
Madison Heights, Michigan
$4,000,000 | 26,595 SF
Madison Heights, Michigan
$4,000,000 | 26,595 SF
Single-Tenant
2150 Executive Hills Ct
Auburn Hills, Michigan
$18,181,416 | 114,830 SF
Auburn Hills, Michigan
$18,181,416 | 114,830 SF
