1908 W Ridge Rd - Freestanding FOR SALE


Rochester, NY 14615
$4,321,000 USD
480-221-4221
1908 W Ridge Rd, Rochester, NY for Sale
$4,321,000 USD
Freestanding - FOR SALE
1/4
null | 7% Cap Rate

1908 W Ridge Rd
Rochester, NY 14615


HIGHLIGHTS

  • Brand New Lease Extension | Options To Extend | High Performing Location
  • NN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Ridgemont Plaza | The Mall At Greece Ridge (1.4M SF Of Retail) | Retail Corridor | Strong National/Credit Tenant Presence
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• The tenant recently exercised their option period for an additional 8 years, with 2 (5-year) options remaining, demonstrating their commitment to the site • The lease features 10% rental increases at the beginning of the remaining option periods, growing NOI and hedging against inflation • The asset is in the 87th percentile nationwide for Verizon (per Placer.ai)

FOR SALE DETAILS

PRICE

$4,321,000 USD

PRICE/SF

$786 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Verizon Wireless

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

C

APN/PARCEL ID

262800 074.16-3-22.1

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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