4401 Lake Ave, Rochester, NY 14612

This exceptional investment opportunity presents a 15,418 square foot Caliber Collision auto shop situated on a 1.75-acre lot at 4401 Lake Ave, Rochester, NY 14612. The property boasts a strong 6.75% cap rate, generating a net operating income (NOI) of $145,173. The single-tenant, net-leased property features a corporate guarantee from Caliber Collision, a national leader in auto repair, ensuring a stable and reliable income stream. The lease, commencing December 5, 2020, has a remaining term of 6.1 years with two, 5-year options, and includes annual rent bumps of 2%. Built in 1965, this one-story building benefits from high visibility due to its location at the end of Highway 132, attracting significant traffic volume. The property's prime location near Ontario Beach Park and other local attractions, coupled with an affluent surrounding area (average household income within a 3-mile radius is $92,976), further enhances its investment appeal. This is a resilient, recession-resistant investment in an essential service industry. The asking price is $2,151,000, translating to a price per square foot of $139.51. The property's size and location make it an ideal prototype for Caliber Collision.