690 Long Pond Rd 4,770 SF Retail Building Greece, NY 14612 $8,065,595 CAD ($1,690.90 CAD/SF) 5% Cap Rate

The Chase Bank investment property located in Greece, NY, a suburb of the Rochester, NY MSA. The Chase Bank branch is located at the entrance to the Greece Business Park, a multi-tenant development. Tenants in the development include Burger King, Starbucks, Go Carwash, M&T Bank, ALDI, and University of Rochester Medical Labs medical office building. Across the street is a Wegmans-anchored neighborhood shopping center, with Pet Supplies Plus, Keybank, Brueggers Bagels, UPS Store, and several local businesses. Other retailers in the trade area include Wendy’s, Walgreens, Tractor Supply Co., McDonalds, YMCA, and several
local and regional banks and credit unions.
Rochester is home to a number of Fortune 1000 companies and international businesses including Eastman Kodak, Carestream
Healthcare, Bausch & Lomb and Paychex. The region has what successful businesses need: a talented and competitively-priced
labor pool, competitive tax incentives, and prime real estate at costs well below the national average. The region’s key industries include advanced manufacturing, food and beverage manufacturing, optics, photonics and imaging, biotech and life sciences, energy innovation and software and IT services. Rochester’s 1,500 manufacturers employ 12.5% of the local workforce.
The area is known for its increasingly diverse high technology sphere encompassing STEM fields. Several of the region’s universities have renowned research programs, including the University of Rochester and the Rochester Institute of Technology. These institutions produce an educated workforce that generates cutting-edge research programs, driving the city’s innovation and technology sectors.