1650 Elmwood Ave - Drug Store FOR SALE


Rochester, NY 14620- Highland District
$5,176,000 USD
929-229-2614
1650 Elmwood Ave, Rochester, NY for Sale
$5,176,000 USD
Drug Store - FOR SALE
1/5
null | 8.5% Cap Rate

1650 Elmwood Ave
Rochester, NY 14620
Highland District


HIGHLIGHTS

  • 7+ Years Remaining | Options To Extend | Termination Options
  • NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• The tenant, Walgreens, has approximately 6 years remaining on their original 25-year lease with 10 (5-year) options to extend, demonstrating their commitment to the site • Strong sales performance and Placer.ai data, with the location ranking in the top 68th percentile nationwide and top 70th percentile regionally

FOR SALE DETAILS

PRICE

$5,176,000 USD

PRICE/SF

$351 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

2.7 AC

LAND SF

117,612 SF

ZONING

C-2

APN/PARCEL ID

262000-136-110-0002-063-000

ASK ABOUT THIS PROPERTY

Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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Britt RaymondSRS Real Estate PartnersMore Info
929-229-2614

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