510 W Union St, Newark, NY 14513
For Lease
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This exceptional 17,460 square foot multi-tenant convenience store, Pro-May Mall, is situated on a 1.56-acre lot in Newark, NY, within the Rochester MSA. Built in 1977, this property offers a compelling owner/user or investment opportunity with a triple-net (NNN) lease structure. The property boasts a prime location across from Newark Plaza, anchored by Wegmans and featuring other prominent retailers such as Secor Home & Hardware and Rent-A-Center. Nearby national brands include Wendy's, McDonald's, Tim Hortons, Burger King, Citizens Bank, Walgreens, Advance Auto Parts, and Sherwin Williams, ensuring high visibility and foot traffic. The property comprises two buildings: a former Family Dollar located at the rear and available space in a front strip building closer to Union Road. Both buildings are accessible from Union and Miller Streets. A pylon sign opportunity is available on the Wendy's pylon. This property is located in an Opportunity Zone and presents significant upside potential with existing vacancies and strong surrounding retail presence. The asking price is $650,000.
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Wendy's Restaurant Take-out & Catering
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Great Wall Restaurant Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B3 · Newark, NYNewark. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.