325 Marketplace Dr
Henrietta, NY
Price:
$2,631,000
Cap Rate:
5.55%
NOI:
$146,002
Building Size:
Approx. 3,200 Sq. Ft.
Lot Size:
Approx. 0.25 Acres
Type:
Single-Tenant / Retail
Sub Category:
Automotive Service
Year Built:
2020
Investment Overview
- 2020 Construction. 3,200+/- SF Building on 0.25+/- Acre Site
- New 15-Yr Corp NNN Lease w/ Rare 10% Rent Bump Every 5-Yrs
- Located along Marketplace Dr and W Jefferson Rd (29,680 VPD)
- Just north of Interstate 390 “Genesee Expressway” (82,862 VPD)
- Across Marketplace Mall, 1M+ s.f. shopping center under re-development
- Dense Retail Corridor, Near Home Depot, Lowe’s, Target, Best Buy, Starbucks
- Access to Interstate and multiple Highways | 10-Miles S of downtown Rochester
- Rochester is home to multiple colleges and universities, driving economic growth
- Rochester NY MSA is the third largest economy & second wealthiest region in NY