1300 Scottsville Rd Rochester, NY 14624-5128
- Manufacturing properties
- 134,965 SF
- 17.50 lot acres
Current Use by Public Records
- Dunkin' / Fast Food Restaurant / Takeout Restaurant
Property Details for 1300 Scottsville Rd
- Year built
- 2001
- Lot size
- 17.50 lot acres
- Property size
- 134,965 SF
- Zone code
- 05 - COMMERCIAL
- Property type
- Manufacturing properties
- APN
- 262200 135.03-1-16.101
- APU
- 26220013503116101
Description
This exceptional investment opportunity presents a fee-simple ownership of a 138,500-square-foot industrial manufacturing facility situated on a 17.5-acre lot in Rochester, NY. The property, built in 2001, serves as a training and emergency management center for Rochester Gas & Electric (RG&E), a subsidiary of AVANGRID, a publicly traded NYSE company. RG&E, boasting an A- S&P credit rating, holds an absolute triple-net (NNN) lease with zero landlord responsibilities, significantly reducing ownership burdens. The current lease, extended in 2020 four years prior to its original expiration, has approximately 9.9 years remaining, extending to October 31, 2034. The asking price of $23,272,540 reflects a 6.10% cap rate based on a net operating income (NOI) of $1,419,625, with a 2.5% rental increase anticipated in November 2024. The facility comprises 73,708 square feet of two-story office space and 64,792 square feet of one-story warehouse and high-bay service space, including 16 service bays. The property includes specialized equipment, such as an indoor crane and security systems, reflecting a significant tenant investment of $10 million. Furthermore, approximately 7.5 acres of the parcel remain available for potential future development, offering additional rental upside. This mission-critical facility, serving over 371,000 electricity and 307,000 natural gas customers, represents a secure, high-yield investment with a strong, investment-grade tenant and substantial remaining lease term. The property is located at 1300 Scottsville Rd, Rochester, NY 14624.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Monroe
- State
- New York
- Longitude
- -77.6634
- Latitude
- 43.114
- CBSA code
- 40380
- CBSA name
- ROCHESTER, NY METROPOLITAN STATISTICAL AREA
