2146 Fairport Nine Mile Pt Rd, Penfield, NY

Listing office SRS Real Estate Partners | New York k***@srsre.com Show Phone

Listing date Jul 5, 2023

Source Moodyscre

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Overview

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.

Suggested Use

Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

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

Similar Places Nearby

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

Location Insight

• Map
• Local Demand

City

Penfield

County

Monroe

State

New York

Longitude

-77.4408

Latitude

43.1285

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FAQs

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.