40 Catherwood Rd · Ithaca, NY 14850 · Grocery / Big Box
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.
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.
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.
High-Performing Target Ground Lease
Long-Term Operating History & Tenant Commitment
Prime Retail Location Adjacent to The Shops At Ithaca Mall
Strong Demographics & Accessibility
Landmark Investment Sales is pleased to present the opportunity to acquire the Target (Ground Lease) in Ithaca, New York. Target is strategically located at The Shops at Ithaca Mall, with nearby retailers including Best Buy, Michaels, Dick's Sporting Goods and BJ’s Wholesale. Target has successfully operated at this location for over 20 years and recently exercised the first of eight options, cementing its commitment to the site.
We represent buyers on a cooperating commission basis. On the majority of transactions there is no separate fee to you.
Property details and lease terms are open. Photography, the offering memorandum, lease abstract and due diligence materials are shared with registered buyers.
Optional. On time-sensitive listings a call reaches you faster than email. We will not use it for automated calls or texts.
Asking-market observation aggregated from public listing sources, last observed Sep 11, 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.