440 Lake Ave - Service Station FOR SALE


Rochester, NY 14608- Brown Square
$1,150,000 USD
949-506-2012
440 Lake Ave, Rochester, NY for Sale
$1,150,000 USD
Service Station - FOR SALE
1/8
null | 6.25% Cap Rate

440 Lake Ave
Rochester, NY 14608
Brown Square


HIGHLIGHTS

  • Long-Term Absolute NNN Ground Lease | 10% Increases at Each Option
  • Absolute NNN Ground Lease | Leased Fee Land Ownership | Zero Landlord Responsibilities
  • Strategic Rochester Location | Dense Retail Corridor
  • Major Employment and Institutional Drivers Nearby

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the Leased fee interest (land ownership) in an absolute NNN leased, Speedway investment property located in Rochester, New York. The tenant, Speedway has over 4+ years of term remaining with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$1,371 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Speedway (7-Eleven) | Absolute NNN GL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Convenience Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,856 SF

ZONING

C-3

APN/PARCEL ID

261400-105-440-0001-024-000-0000

ASK ABOUT THIS PROPERTY

Gary ChouSRS National Net LeaseMore Info
949-506-2012

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Gary ChouSRS National Net LeaseMore Info
949-506-2012

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