585-784-3638
3160 W Ridge Rd, Rochester, NY for Sale
Storefront CONDO - FOR SALE
1/8
null | Request Cap Rate

3160 W Ridge Rd
Rochester, NY 14626


HIGHLIGHTS

  • FAVORABLE LAND LEASE STRUCTURE - The Subject Property is controlled by a 99-year land lease which requires no annual rental payments.
  • WELL ENTRENCHED TENANT - Approximately 86% of the space is leased by Ollie‘s Bargain Outlet, a strong national tenant with 18 year operating history.
  • MINIMAL EXPOSURE FOR VACANT SPACE - Responsibility for NNN expenses revert to the Master Landlord in the event of vacancy.
  • CORE RETAIL TRADE AREA - The asset is centrally located within the West Ridge Road trade area, home to over 4 million square feet of retail space.

OVERVIEW

CBRE Upstate NY has been retained as the exclusive broker for the sale of a leasehold interest in a retail center in suburban Rochester, New York. Located in the Town of Greece, the Rochester Metropolitan Area‘s largest suburban community, the offering is comprised of 31,500 square feet of the center which is fully occupied by Ollie‘s Bargain Outlet and Flaming Deals. The Subject Property is controlled through a long-term land lease which requires NO rental payments to the underlying “Master Landlord“. The in-place retailers are responsible for NNN expenses, and in the event of a vacancy these expenses revert to the “Master Landlord“

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Lowe's Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

165,690 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

1200

LAND DETAILS

LAND ACRES

14.2 AC

LAND SF

618,552 SF

ZONING

C-3

APN/PARCEL ID

262800-074-010-0001-007-100

ASK ABOUT THIS PROPERTY

Jaymes KeenanCBRE Upstate NYMore Info
585-784-3638

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Jaymes KeenanCBRE Upstate NYMore Info
585-784-3638

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