245 Clay Rd, Rochester, NY
Profitable restaurant property with a brand new 15-year lease.
- Added:
- Feb 6, 2025
- Days on Market:
- 495
- Last Refresh:
- May 20 at 8:29 pm
Property Features for 245 Clay Rd
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Lot size
- 2.18 Acres
- Property subtype
- RETAIL
Listing agent Britt Raymond License #10401281546 (704) 517-4712
Listing office SRS Real Estate Partners | New York (704) 517-4712
Listing date Feb 6, 2025
Source Moodyscre
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HighLights
- 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%.
- High average weekly sales of $74,000, annualizing to $3.9 million average unit sales.
- Tenant has 4 (5‑year) options to extend the lease.
- Shake Shack is a globally recognized brand with over 500 restaurants.
Overview
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Monroe
- State
- New York
- Longitude
- -77.6167
- Latitude
- 43.089