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
1035 N Susquehanna Trail
Selinsgrove, Pennsylvania
$2,400,000 | 3,265 SF
Selinsgrove, Pennsylvania
$2,400,000 | 3,265 SF
Multi-Tenant
1500 Greentree Blvd
Clarksville, Indiana
$7,058,824 | 112,437 SF
Clarksville, Indiana
$7,058,824 | 112,437 SF
Single-Tenant
33703 Van Dyke Ave
Sterling Heights, Michigan
$3,627,787 | 7,170 SF
Sterling Heights, Michigan
$3,627,787 | 7,170 SF