64 S Main St - Retail FOR SALE


Fairport, NY 14450
$2,173,913 USD
64 S Main St, Fairport, NY for Sale
$2,173,913 USD
Retail - FOR SALE
1/4
null | 5.75% Cap Rate

64 S Main St
Fairport, NY 14450


OVERVIEW

Trophy Starbucks | Fairport Village, NY | 5.75% Cap | Corporate Guarantee New 2025 construction leased to Starbucks Corporation on a walkable Main Street infill site in the heart of Fairport Village, one of the Rochester region's most established village retail corridors. Starbucks Corporate Guarantee. Direct corporate lease backing from Starbucks Corporation (NASDAQ: SBUX), rated S&P BBB+, with FY2025 net revenue of $37.18B and over 40,990 stores across 89 markets. Walkable Infill Village Location. A true Main Street storefront setting rather than a conventional roadside outparcel, situated among established village retail, dining, and residential uses along Fairport's Erie Canal district. Brand-New Construction. Newly built in 2025, with a 10-year initial lease term commencing October 8, 2025 and running through October 8, 2035 — limiting near-term capital expenditure exposure. Long-Term Renewal Structure. Four 5-year renewal options provide up to 20 additional years of potential tenancy beyond the initial term, for up to 30 years of total potential deal length. Contractual Rent Growth. 10% rent increases every 5 years throughout the initial term and all four renewal options, growing from $125,000 to over $201,000 annually by the final option period. Lease Structure. NN lease with transferable warranties. Tenant is responsible for its full share of CAM, taxes, and insurance; landlord retains responsibility for roof, structure, foundation, and exterior walls. Affluent, Established Trade Area. Average household income of $129,119 within 5 miles and a population base of 101,294, supporting a stable, affluent Fairport/Perinton demand profile. Investment Summary: $2,173,913 Price | 5.75% Cap Rate | $125,000 Current Annual Rent | NN Lease | Starbucks Corporate Guarantee (S&P BBB+) | 10-Year Initial Term + Four 5-Year Options | New 2025 Construction

FOR SALE DETAILS

PRICE

$2,173,913 USD

PRICE/SF

$870 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Trophy New Construction Starbucks

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

Commercial

APN/PARCEL ID

264403 153.13-1-16.12

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