Dave & Buster’s Retail
For Sale
Contact for pricing
15 MIRACLE MILE DR, Rochester, NY 14623
Modern entertainment-oriented retail property with an established Dave & Buster’s presence and structured lease-term features.
Property Size33,083 SF
Price / SF$201.28
Days on Market68
Property Features for 15 MIRACLE MILE DR
General Information
Standard status
Active
Size
33,083 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$632,596
Building Details
Year Built
2016
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Newmark | Orange County - Irvine
Listed By:
Karick Brown · License #02071955
(949) 608-2175
Source:
Crexi
Added: Aug 12
Changed: Oct 10
Last Checked: Oct 16 at 9:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark | Orange County - Irvine
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property contains 33,083 square feet and was constructed in 2016. The asset is associated with Dave & Buster’s and is offered with more than five years of firm lease term remaining, based on the stated lease structure.
Lease economics include 2% annual increases, with options representing an additional 12% term component. The property is located at 15 Miracle Mile Dr in Rochester, New York.
Lease economics include 2% annual increases, with options representing an additional 12% term component. The property is located at 15 Miracle Mile Dr in Rochester, New York.
Key Highlights
- 33,083‑square‑foot retail property
- Constructed in 2016
- Dave & Buster’s associated with the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$448,693
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,973,860
$9.0M
Cap Rate 7%
$6,409,900
$6.4M
Cap Rate 9%
$4,985,478
$5.0M
Market Conditions
NOI Build-Up for 33,083 SF
Gross rent
$714.6K $21.60/SF
− Vacancy
−$73.6K −$2.22/SF
EGI
$641.0K $19.38/SF
− OpEx
−$192.3K −$5.81/SF
NOI
$448.7K $13.56/SF
Area
Rochester, NY
Vacancy
10.30%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,973,860
Cap Rate 7%
$6,409,900
Cap Rate 9%
$4,985,478
Alternative Uses
Best Use
Retail
$6.41M
$5.61M – $7.48M
NOI $448,693 @ 7.0% cap · market cap 6.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.06M
$7.93M – $10.57M
NOI $634,400 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
862
Businesses Nearby
554k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 29%
Dining 23%
Superstores 21%
Shops & Services 13%
Target
Superstores
117,856 visits/mo
0.4 miles
Kohl's
Apparel
59,845 visits/mo
0.4 miles
DICK'S Sporting Goods
Apparel
42,737 visits/mo
0.1 miles
Best Buy
Electronics
39,739 visits/mo
0.3 miles
McDonald's
Dining
35,869 visits/mo
0.4 miles
Demographics for 14623, NY
27,865
Population
9,612
Households
2.9
Avg Household Size
28
Median Age
41%
College-Educated
92%
High-School Grad
19.5 sq mi
ZIP Area
1,429
Density / Sq Mi
$61,088
Median Household Income
$26,411
Median Earnings
$1,221
Median Rent
$167,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Rochester, NY
Frequently Asked Questions
What type of property is this?
Retail space - Modern entertainment-oriented retail property with an established Dave & Buster’s presence and structured lease-term features.
Where is this retail space located?
The property is located at 15 MIRACLE MILE DR Rochester, NY.
What is the asking price?
The asking price for this property is $6,658,905.
What are key features of this property?
This property features: 33,083‑square‑foot retail property; Constructed in 2016; Dave & Buster’s associated with the property
