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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
Freestanding
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
124 ft on Culver Rd

Amenities

  • Dedicated Turn Lane
  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Signalised Intersection
  • Drive Thru
  • Air Conditioning

Nearby Major Retailers

Wegmans
Nathan's Famous
Citizens
KeyBank
Chase Bank
Planet Fitness
Applebee's
La Fitness
Tim Hortons
Jazzercise

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
263400-077-180-0002-062-100
Land Assessment
£661,712
Improvements Assessment
£4,098,098
Total Assessment
£4,759,810
  • Listing ID: 32108855

  • Date on Market: 12/06/2024

  • Last Updated:

  • Address: 2100 E Ridge Rd, Rochester, NY 14622

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