Log In/Sign Up
Your email has been sent.
1585 Macedon Pkwy - Go Car Wash 4,200 SF Specialty Building Offered at $6,031,189 CAD at a 7.25% Cap Rate in Macedon, NY 14502
Investment Highlights
- LONG TERM ABSOLUTE NNN LEASE INVESTMENTS
- HIGH INCOME DEMOGRAPHICS WITH OVER $144,000 IN AHHI
- 100% BONUS DEPRECIATION – (CONSULT WITH YOUR TAX ADVISOR)
- 17 + LEASE YEARS REMAINING W/ 1.5% ANNUAL INCREASES
- OUTPARCEL TO LOWE’S HOME IMPROVEMENT
- ANNUAL RENT INCREASES DURING INITIAL TERM AND OPTIONS
Executive Summary
1585 Macedon Parkway presents the opportunity to acquire a recently developed single-tenant net lease investment occupied by GO Car Wash, a nationally expanding express car wash operator. Constructed in 2023, the property benefits from a long-term absolute NNN lease structure designed to provide passive ownership with limited landlord responsibilities. The lease reportedly includes annual rent increases, supporting income growth over the investment term. The asset is strategically positioned along the Macedon Parkway retail corridor in Wayne County, approximately 20 miles east of downtown Rochester. The site is located as an outparcel to Lowe's Home Improvement and is surrounded by regional retail, restaurant, and service-oriented commercial uses that generate daily consumer traffic. Convenient access to NY-31 and proximity to Interstate 490 provide regional connectivity throughout the Rochester metropolitan area. Macedon serves as a growing suburban community within the Rochester market, benefiting from household growth and continued commercial development along the Route 31 corridor. The property's modern construction, national tenant presence, and long-term lease profile position it as an investment opportunity for buyers seeking stable cash flow from a single-tenant net-leased asset.
Property Facts
| Price | $6,031,189 CAD | Lot Size | 2.59 AC |
| Price Per SF | $1,436.00 CAD | Building Size | 4,200 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 7.25% | Year Built | 2023 |
| Property Type | Specialty | Parking Ratio | 5/1,000 SF |
| Building Class | B | ||
| Zoning | 05 - COMME | ||
| Price | $6,031,189 CAD |
| Price Per SF | $1,436.00 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 7.25% |
| Property Type | Specialty |
| Building Class | B |
| Lot Size | 2.59 AC |
| Building Size | 4,200 SF |
| No. Stories | 1 |
| Year Built | 2023 |
| Parking Ratio | 5/1,000 SF |
| Zoning | 05 - COMME |
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 543000-061-111-0000-072-772-0000 | Improvements Assessment | $1,258,740 CAD |
| Land Assessment | $542,033 CAD | Total Assessment | $1,800,773 CAD |
Property Taxes
Parcel Number
543000-061-111-0000-072-772-0000
Land Assessment
$542,033 CAD
Improvements Assessment
$1,258,740 CAD
Total Assessment
$1,800,773 CAD
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1585 Macedon Pkwy - Go Car Wash
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.