2167 W Ridge Rd - Fast Food FOR SALE


Rochester, NY 14626
$4,388,349 USD
248-872-4654
2167 W Ridge Rd, Rochester, NY for Sale
$4,388,349 USD
Fast Food - FOR SALE
1/19
null | 5.15% Cap Rate

2167 W Ridge Rd
Rochester, NY 14626


OVERVIEW

Caliber Commercial Brokerage is pleased to exclusively offer the opportunity to acquire the fee simple interest in an absolute NNN, Shake Shack in Rochester, NY. Shake Shack recently signed a 15 year lease, with 3 (5-year) options to extend, and with 10% rental increases every 5 years and throughout each option period. This is an absolute NNN lease, with zero landlord responsibilities, making it ideal for a 1031 exchange or passive investor. Shake Shack is a publicly traded company, with over 500 locations nationwide, and a target to reach 1,500 stores in the future. This Shake Shack is located at the signalized, hard corner of W Ridge Rd and Somerworth Dr, with over 40,000 vehicles per day. W Ridge Rd is the major corridor that serves Greece, and is a median bound road, which further highlights the importance of being at a signalized intersection. Greece, which is Rochester’s most populated suburb, with 221,056 residents and 70,838 employees in a 5-mile radius.

FOR SALE DETAILS

PRICE

$4,388,349 USD

PRICE/SF

$1,454 USD /SF

CAP RATE

5.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

-

APN/PARCEL ID

262800-074-190-0001-006-000

ASK ABOUT THIS PROPERTY

Dan BosioCaliber Commercial BrokerageMore Info
248-872-4654

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Dan BosioCaliber Commercial BrokerageMore Info
248-872-4654

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.