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Shopping Auto Center

1375 Marketplace Dr

1375 Marketplace Dr, Rochester, NY 14623

Listing Price: $2,500,000

Cap Rate
6.64%
Gross SF
22,358
Rentable SF
22,358
Price/Gross SF
$111.82
Lot Size
0.56 acres
Year Built
1992

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an Absolute Triple Net Ground Lease Pep Boys in Henrietta, NY (Rochester MSA).? There are approximately 6.5 years remaining on the lease followed by 2 five-year options.? NOI will increase by 10% in September 2022 to $166,092 for the remaining 5 years of the lease and by an additional 10% with each option period.? Pep Boys is located only 0.2 miles off Interstate 390 which has an average of 69,920 vehicles per day.? The area is very densely populated with more than 500,000 people residing within ten miles.?

Investment Highlights

  • ?Traffic Count on Expressway Over 69,000
  • ??Absolute Net Ground Lease (No Landlord Responsibility)
  • ??Rent Increases in September 2022
  • ?Corporate Guaranteed and Operated by Pep Boys
  • ?30 Year Operating History
  • ?10 Bays

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (718) 475-4300

    License(s) NY: 10311204479

    New York

Shopping Auto Center

1375 Marketplace Dr

Listing Price: $2,500,000

Cap Rate
6.64%
Gross SF
22,358
Rentable SF
22,358
Price/Gross SF
$111.82
Lot Size
0.56 acres
Year Built
1992

Investment Highlights

  • ?Traffic Count on Expressway Over 69,000
  • ??Absolute Net Ground Lease (No Landlord Responsibility)
  • ??Rent Increases in September 2022
  • ?Corporate Guaranteed and Operated by Pep Boys
  • ?30 Year Operating History
  • ?10 Bays

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for an Absolute Triple Net Ground Lease Pep Boys in Henrietta, NY (Rochester MSA).? There are approximately 6.5 years remaining on the lease followed by 2 five-year options.? NOI will increase by 10% in September 2022 to $166,092 for the remaining 5 years of the lease and by an additional 10% with each option period.? Pep Boys is located only 0.2 miles off Interstate 390 which has an average of 69,920 vehicles per day.? The area is very densely populated with more than 500,000 people residing within ten miles.?

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (718) 475-4300

    License(s): NY: 10311204479

    New York

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