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Virtual Drive-By

FedEx NNN

3125 Erie Blvd E · East Syracuse, NY 13057 · Industrial / Logistics

Asking price
$1,500,000
Cap rate
7.99%
NOI
$119,788

Need financing on this deal

We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease typeNNN
Term remaining6.9 yrs
Expiration05/2033
Rent bumpsYears 6-10
Options2-5 year
Ground leaseNo
Credit profileCredit Rated + Corporate Guarantee
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF6,000
Price / SF$250
Year built1999
Lot size0.56 ac
TypeStorefront, Investment
Days on market697

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

Investment Grade Tenancy- FedEx Corporation (S&P:BBB)

Capitalization Rate7.99 %

25 Years of Occupancy with Approximately Seven Years Remaining on NNN Lease Term

Two – Five Year Renewal Options

Year Built 1999 with a Complete Renovation in 2023

6,000 sf Building with 30 Plus Parking Spaces

Property overview

Introducing a prime investment opportunity at 3115-3117 Erie Blvd.​ E.​, DeWitt, NY 13214! This property boasts a solid tenant in FedEx Corporation (S&P:BBB) with a cap rate of 7.99% and a long history of occupancy with approximately nine years left on its NNN lease term.​ Featuring a 6,000 sq ft building that underwent a complete renovation in 2023, this property also offers convenient parking with 30+ spaces.​ Located in a high-traffic area with excellent demographics, the property benefits from a densely populated surrounding area, ensuring a steady flow of potential customers for any business.​ With strong daytime employee and household numbers nearby, this investment promises both stability and growth potential.​ Don't miss out on this lucrative opportunity to add a reliable income stream to your portfolio! Contact our exclusive agents for more information and secure your foothold in the lucrative commercial real estate market today.​

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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.