Walgreens: Irondequoit, NY | 2100 E Ridge Rd
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Walgreens: Irondequoit, NY 2100 E Ridge Rd
14,805 SF Retail Building Rochester, NY 14622 £3,708,300 (£250/SF) 7.49% Net Initial Yield
Investment Highlights
- Absolute NNN Lease with Corporate Guaranty
- Hard Corner Site at Signalized Intersection
- Strong annual store-level sales
- Proximate to Rochester General Hospital
- Educational Traffic Drivers
- Options 1-10 NOI: $393,000 gives an investor opportunity to increase unlevered return to 8.35% throughout options
Executive Summary
The CBRE Net Lease Property Group is pleased to offer for sale the 14,805 square-foot Walgreens located in Irondequoit, NY. Walgreens’ absolute NNN lease features 10.0 years of term remaining with ten, 5-year renewal options.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,805 SF
Building Class
B
Year Built
2005
Price
£3,708,300
Price Per SF
£250
Net Initial Yield
7.49%
NOI
£277,728
Tenancy
Single
Number of Floors
1
Building FAR
0.24
Land Acres
1.44 AC
Zoning
05
Parking
67 Spaces (4.53 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Signalised Intersection
- Drive Thru
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 263400-077-180-0002-062-100 | Improvements Assessment | £4,098,098 |
Land Assessment | £661,712 | Total Assessment | £4,759,810 |
PROPERTY TAXES
Parcel Number
263400-077-180-0002-062-100
Land Assessment
£661,712
Improvements Assessment
£4,098,098
Total Assessment
£4,759,810
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Walgreens: Irondequoit, NY | 2100 E Ridge Rd
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