Giovanni LaGalia - Commercial Real Estate Showcase

Giovanni LaGalia Property Listings
Marcus & Millichap Inc
260 Madison Ave
5th floor
New York, NY 10016-2401
(212) 430-6157
(212) 486-4808

1181 N Greece Road - Pep Boys

Rochester, NY 14626-1023 - Northwest Submarket

(610.2 KB)

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1992
Building Size:20,677 SF Land Area:2 AC (87,120 SF)
For Sale Price:$3,400,162 Price/SF:$164.44
Cap Rate:6.75 %
Parking:85 Surface spaces are available; Ratio of 4.11/1,000 SF

Sale Notes:
The subject property is a 17,720 square foot freestanding Pep Boys Auto & Tire Service building on North Greece Road in Greece (Rochester), New York. Pep Boys has 7 years remaining on a 15-year absolute NNN lease. There are 1.5% increases per year, and four (5) five-year options to renew. Pep Boys has been in this location since 1996, and signed a new lease in 2010. There are 1.5% annual increases as well as Fair Market Value increases in each option period. The property sits on a two acre lot, with 62 parking spaces.

Marcus & Millichap Inc
Giovanni LaGalia
(212) 430-6157

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