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Walgreens 1650 Elmwood Ave 14,736 SF Retail Building Rochester, NY 14620 $7,256,390 CAD ($492.43 CAD/SF) 8.50% Cap Rate
Investment Highlights
- 7+ Years Remaining | Options To Extend | Termination Options
- Strong Demographics In 5-Mile Trade Area
- NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Executive Summary
• The tenant, Walgreens, has approximately 6 years remaining on their original 25-year lease with 10 (5-year) options to extend, demonstrating their commitment to the site
• Strong sales performance and Placer.ai data, with the location ranking in the top 68th percentile nationwide and top 70th percentile regionally
• Strong sales performance and Placer.ai data, with the location ranking in the top 68th percentile nationwide and top 70th percentile regionally
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,736 SF
Building Class
B
Year Built
1986
Price
$7,256,390 CAD
Price Per SF
$492.43 CAD
Cap Rate
8.50%
NOI
$616,811 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
2.70 AC
Zoning
C-2
Parking
75 Spaces (5.09 Spaces per 1,000 SF Leased)
Frontage
120’ on Elmwood Ave
Amenities
- Corner Lot
- Drive Thru
Very walkable
80/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 262000-136-110-0002-063-000 | Improvements Assessment | $3,303,788 CAD |
| Land Assessment | $1,034,624 CAD | Total Assessment | $4,338,412 CAD |
Property Taxes
Parcel Number
262000-136-110-0002-063-000
Land Assessment
$1,034,624 CAD
Improvements Assessment
$3,303,788 CAD
Total Assessment
$4,338,412 CAD
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Walgreens | 1650 Elmwood Ave
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