Property profile

3130 Rdg Rd Rochester, NY 14626

OFF-MARKET
Turn key restaurants
Property ID
US63-3753034
11,316 SF 0.28 ac lot Built 2003
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents two free-standing outparcels totaling 16,500 square feet, situated on a 1.76-acre lot in a Lowe's Plaza in Greece, NY, the largest suburb of Rochester. The property includes a 11,300 square-foot Chuck E. Cheese restaurant operating under a ground lease, boasting 100% occupancy. A new 6,200 square-foot K9 Resorts Luxury Pet Hotel, commencing operations in 2024, is also included, secured by a new 10-year lease. The entire property is zoned for commercial/retail use and was built in 2004. This single-story, dual-building complex offers a compelling investment prospect, particularly suitable for a 1031 exchange. The asking price is $3,250,000, translating to $196.97 per square foot. The property is offered as a ground lease fee ownership with a NNN lease structure. Located at 3120 & 3130 West Ridge Road, this property benefits from its prime location in a thriving area comparable in population to Albany, NY. The property's strong tenant mix and long-term lease agreements provide a stable and attractive return on investment. This is a rare opportunity to acquire a well-established and diversified retail portfolio in a high-growth market. The property's size, location, and tenant mix make it an ideal investment for those seeking a secure and profitable addition to their portfolio.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2003
Total area 11,316 SF
Lot 0.28 ac (12,197 SF)
APN 262800 074.01-1-5.12
UPID US63-3753034

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Restaurant Take-out & Catering

Location

3130 Rdg Rd Rochester, NY 14626-3216
Rochester metro Census 13505 ROCHESTER, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$758k
Blend (final) Blend
$545k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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