2146 Fairport Nine Mile Pt Rd, Penfield, NY

Listing Agency: SRS Real Estate Partners | New York Show Phone

Listed By: Britt Raymond · License #10491212709 Show Phone

Source: Moodyscre

Added: Jul 5, 2023 Changed: Nov 1 Last Checked: Nov 8 at 7:28AM

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Investment Insights

Based on property information with market context.

This retail property features a tenant, JSC Penfield LLC, who recently signed a new 20-year lease with four 5-year options to extend. The lease includes 5% rental increases every 5 years throughout the initial term and at the beginning of each option period. The lease is guaranteed by JSC Management Group, LLC, a franchisee operating over 87 units nationwide, on a rolling 10-year basis. The property encompasses 3,500 square feet and is located at 2146 Fairport Nine Mile Pt Rd, Penfield, NY.

Key Highlights

• New 20‑year lease demonstrating tenant commitment.
• 5% rental increases every 5 years providing increased NOI and inflation hedge.
• Rolling 10‑year franchisee guaranty from JSC Management Group, LLC.

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Restaurant Big Box & Wholesale Store Auto Repair Shop Law Firm Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

556

Businesses Nearby

316k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 33% Dining 27% Superstores 24% Shops & Services 14%

Wegmans Groceries

79,094 visits/mo 0.3 miles

Target Superstores

75,891 visits/mo 0.2 miles

McDonald's Dining

31,321 visits/mo 0.1 miles

Aldi Groceries

25,250 visits/mo 0.2 miles

Dollar Tree Shops & Services

17,255 visits/mo 0.2 miles

Market

Average Price Trend$/SF for Storefront properties in Monroe County, NY

$92.68 Jul

$106 Aug

$102 Sep

$104 Oct

Properties on Market for Storefront properties in Monroe County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Two-Residence Duplex with Detached Garage

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Freestanding Single-Story Office Building

555 Penbrooke Drive, Penfield, NY 14526

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Similar Off Market Nearby

• Wegmans Floral — 2157 penfield rd, penfield, ny 14526

Frequently Asked Questions

What type of property is this?

Storefront property - Retail property with a new 20-year lease in Penfield, NY.

Where is this storefront property located?

The property is located at 2146 Fairport Nine Mile Pt Rd Penfield, NY.

What is the asking price?

The asking price for this property is $3,083,000.

What are key features of this property?

This property features: New 20‑year lease demonstrating tenant commitment.; 5% rental increases every 5 years providing increased NOI and inflation hedge.; Rolling 10‑year franchisee guaranty from JSC Management Group, LLC.