1268 East Ridge Road
Irondequoit, NY
Price:
$2,995,000
Cap Rate:
5.70%
NOI:
$170,672
Building Size:
Approx. 4,042 Sq. Ft.
Lot Size:
Approx. 0.69 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Parts
Year Built:
2020
Investment Overview
- 2020 Construction. 4,042+/- SF Building on .69+/- Acre Site
- New 15-Yr Corp. Abs NNN Lease w/ 10% Increase Every 5 Years
- Located along Ridge Rd (16K VPD) & Just N of NY-104 (64K VPD)
- Near Home Depot, Walmart, Harbor Freight, Target, Starbucks, Marshalls
- Across From Rochester General Hospital (528 Beds) | N of Downtown Rochester
- Dense Infill location, Surrounded by Residential, Retail, & Commercial hubs
- Irondequoit is a town in Rochester (One of the United States First Boom Towns)
- Rochester in home to a number of Fortune 1000 & International Businesses
- 3-Mile Radius Estimated Population: 296,714 | Average HH Income: $60,954
- Rochester (MSA) is one of the largest regional economies | Population 1M+