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
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$5,500,000 | 45,390 SF
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$5,500,000 | 45,390 SF
Single-Tenant
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The Capital Grille: $5,800,000 | Cooper’s Hawk Winery & Restaurant: 11,046 SF
The Capital Grille: 9,079 SF
Livonia, Michigan
Cooper’s Hawk Winery & Restaurant: $4,500,000
The Capital Grille: $5,800,000 | Cooper’s Hawk Winery & Restaurant: 11,046 SF
The Capital Grille: 9,079 SF
Multi-Tenant
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Norfolk, Virginia
$2,037,959 | 16,325 SF
Multi-Tenant
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$8,000,000 | 95,054 SF
Greenville, Michigan
$8,000,000 | 95,054 SF