Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    245 Clay Rd Rochester, NY 14623

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Profitable restaurant property with a brand new 15-year lease.

    Property size:
    3,500 SF
    Lot size:
    2.18 Acres

    Property Features for 245 Clay Rd

    General Information

    Size
    3,500 SF
    Lot size
    2.18 Acres

    Source: SRS Real Estate Partners | New York Agent Britt Raymond

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Restaurant with Long-Term Lease

    The property is a restaurant space occupied by Shake Shack, who recently signed a new 15-year lease with options to extend for four additional 5-year terms, demonstrating a commitment to the location. The lease includes 10% rental increases every 5 years and at the beginning of each option period. Shake Shack has expanded to over 500 restaurants globally and reported Q3 2023 revenue growth of 21%, with in-store sales growth of 9% and average weekly sales reaching $74,000, annualizing to $3.9 million average unit sales. The property is located at 245 Clay Rd, Rochester, NY and has a size of 3,500 square feet. This property is suitable for drive-through restaurants, restaurants, and retail purposes.
    Insight Report Location Intelligence

    Current Use by Public Records

    Shake Shack Henrietta Hamburger Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Building Supply Hair Salon Wholesale Shop Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.61674
    Latitude
    43.089003

    Nearby Similar for Sale

    • $365,000
      Pending

      Remodeled Mixed-Use Property with Flexibility

      Mixed-use property featuring remodeled units and original bake shop storefront.
      114 Field St, Rochester, NY 14620
      View Details
    • New
      $1,825,000
      18,540 SF

      Rochester Multifamily Investment Opportunity

      Well-maintained 26-unit building with recent updates and income potential.
      189-199 Lake Ave, Rochester, NY 14608
      View Details
    • $164,900
      Pending

      Upgraded Two-Family Home Investment Opportunity

      Turnkey two-family home with refined updates and dependable cash flow.
      1567 E Main St, Rochester, NY 14609
      View Details
    • $134,900
      Pending

      Upgraded Two-Family Home

      Move-in ready, renovated two-family home with income potential.
      47 Bowman St, Rochester, NY 14609
      View Details
    • $500,000
      Pending

      Rochester Investment Opportunity with Parking

      Classic architecture, updated units, great tenants in trendy Park Avenue.
      50 Rowley St, Rochester, NY 14607
      View Details
    • $199,900
      Pending

      Two-Family Home on Large Lot

      Side-by-side duplex on a private 0.62-acre lot.
      16 Beaman Rd W, Rochester, NY 14624
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - Profitable restaurant property with a brand new 15-year lease.
    Where is this drive through restaurant located?
    The property is located at 245 Clay Rd Rochester, NY.
    What are key features of this property?
    This property features: - Brand new 15-year lease with Shake Shack, demonstrating long-term tenant commitment.; - Lease includes 10% rental increases every 5 years and at the beginning of each option, hedging against inflation.; - **Shake Shack's strong financial performance:** Q3 2023 revenue growth of 21% and in-store sales growth of 9%.
    (704) 517-4712
    Request Owner's contact information
    245 Clay Rd Rochester, NY 14623
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    245 Clay Rd
    Rochester, NY 14623
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    245 Clay Rd Rochester, NY 14623
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.