420 Hamilton St
14,873 SF 100% Leased Retail Building Geneva, NY 14456 £2,464,040 (£165.67/SF) 12% Net Initial Yield
EXECUTIVE SUMMARY
• Extremely strong performing location with a low rent to sales ratio (contact broker for more details)
• Positioned within the Rochester MSA
• NNN – No landlord responsibilities
• Rite Aid has operated at this location since 2009 which demonstrates commitment
• Rental escalations throughout the renewal options
• Located along Hamilton Street (19,560 VPD)
• Nationally recognized tenants in the area include Walmart Supercenter, Wegmans, Tractor Supply Company, Chevrolet, Chrysler, Jeep, Dodge, RAM, Big Lots, Walgreens, McDonald’s, Dunkin’, Staples, AutoZone, Verizon, and more
• A few block west of Hobart & William Smith Colleges which has over 2,000 students enrolled
• Positioned within the Rochester MSA
• NNN – No landlord responsibilities
• Rite Aid has operated at this location since 2009 which demonstrates commitment
• Rental escalations throughout the renewal options
• Located along Hamilton Street (19,560 VPD)
• Nationally recognized tenants in the area include Walmart Supercenter, Wegmans, Tractor Supply Company, Chevrolet, Chrysler, Jeep, Dodge, RAM, Big Lots, Walgreens, McDonald’s, Dunkin’, Staples, AutoZone, Verizon, and more
• A few block west of Hobart & William Smith Colleges which has over 2,000 students enrolled
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,873 SF
Year Built
2000
Price
£2,464,040
Price Per SF
£165.67
Net Initial Yield
12%
NOI
£295,685
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.20
Lot Size
1.73 AC
Zoning
H
Parking
34 Spaces (2.28 Spaces per 1,000 SF Leased)
Frontage
281 ft on Hamilton St
AMENITIES
- Pylon Sign
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Rite Aid
- -
- -
- -
- Mar 2029
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Rite Aid | - | - | - | Mar 2029 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 320500-104-018-0003-053-000-0000 | Improvements Assessment | £1,201,007 |
| Land Assessment | £619,285 | Total Assessment | £1,820,292 |
