1585 Macedon Pkwy - Specialty FOR SALE


Macedon, NY 14502
$4,208,856 USD
949-724-5552
1585 Macedon Pkwy, Macedon, NY for Sale
$4,208,856 USD
Specialty - FOR SALE
1/5
null | 7.5% Cap Rate

1585 Macedon Pkwy
Macedon, NY 14502


HIGHLIGHTS

  • LONG TERM ABSOLUTE NNN LEASE INVESTMENTS
  • 17 + LEASE YEARS REMAINING W/ 1.5% ANNUAL INCREASES
  • HIGH INCOME DEMOGRAPHICS WITH OVER $144,000 IN AHHI
  • OUTPARCEL TO LOWE’S HOME IMPROVEMENT
  • 100% BONUS DEPRECIATION – (CONSULT WITH YOUR TAX ADVISOR)
  • ANNUAL RENT INCREASES DURING INITIAL TERM AND OPTIONS

OVERVIEW

1585 Macedon Parkway presents the opportunity to acquire a recently developed single-tenant net lease investment occupied by GO Car Wash, a nationally expanding express car wash operator. Constructed in 2023, the property benefits from a long-term absolute NNN lease structure designed to provide passive ownership with limited landlord responsibilities. The lease reportedly includes annual rent increases, supporting income growth over the investment term. The asset is strategically positioned along the Macedon Parkway retail corridor in Wayne County, approximately 20 miles east of downtown Rochester. The site is located as an outparcel to Lowe's Home Improvement and is surrounded by regional retail, restaurant, and service-oriented commercial uses that generate daily consumer traffic. Convenient access to NY-31 and proximity to Interstate 490 provide regional connectivity throughout the Rochester metropolitan area. Macedon serves as a growing suburban community within the Rochester market, benefiting from household growth and continued commercial development along the Route 31 corridor. The property's modern construction, national tenant presence, and long-term lease profile position it as an investment opportunity for buyers seeking stable cash flow from a single-tenant net-leased asset.

FOR SALE DETAILS

PRICE

$4,208,856 USD

PRICE/SF

$1,002 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Go Car Wash

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

2.59 AC

LAND SF

112,820 SF

ZONING

05 - COMME

APN/PARCEL ID

543000-061-111-0000-072-772-0000

ASK ABOUT THIS PROPERTY

Jereme SnyderColliersMore Info
949-724-5552

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Jereme SnyderColliersMore Info
949-724-5552

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.