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Shopping Auto Center

Pep Boys Tire & Service Center

1375 Marketplace Dr, Rochester, NY 14623

Listing Price: $2,390,000

Gross SF
22,358
Rentable SF
22,358
Price/Gross SF
$106.90
Lot Size
0.56 acres
Year Built
1992

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Ground Lease Pep Boys in Henrietta, NY (Rochester MSA). There are approximately 4 years remaining on the lease followed by 2 five-year options, and the tenant is currently paying below market rates. The subject property is zoned Planned Commercial Development - offering a myriad of options to potentially reposition the property as specialty warhouse, flex, cannabis, and retail.The subject property is located only 0.2 miles off Interstate 390 which has an average of 69,920 vehicles per day. The market has been seeing a rental increase in price per SF of 3% YoY and offers healthy demographics with over 500,000 people residing within a 10-mile radius. Consumer spending in transportation and maintenance sits at an impressive $395,015,952 per year within a 5-mile radius.

Investment Highlights

  • Opportunity to increase rent to market rates upon lease expiration
  • Ground Lease with no landlord responsibility - tenant responsible for taxes, insurance, and general maintenance
  • Strong corporate guaranteed tenant operated by Pep Boys
  • Located in a dense retail trade area offering excellent visibility to oncoming traffic
  • Myriad of options to reposition the property with Planned Commercial Development zoning
  • Traffic count on the expressway sees over 69,000 VPD

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (718) 475-4300

    License(s) NY: 10311204479

    New York

Financing By

Shopping Auto Center

Pep Boys Tire & Service Center

Listing Price: $2,390,000

Gross SF
22,358
Rentable SF
22,358
Price/Gross SF
$106.90
Lot Size
0.56 acres
Year Built
1992

Investment Highlights

  • Opportunity to increase rent to market rates upon lease expiration
  • Ground Lease with no landlord responsibility - tenant responsible for taxes, insurance, and general maintenance
  • Strong corporate guaranteed tenant operated by Pep Boys
  • Located in a dense retail trade area offering excellent visibility to oncoming traffic
  • Myriad of options to reposition the property with Planned Commercial Development zoning
  • Traffic count on the expressway sees over 69,000 VPD

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Ground Lease Pep Boys in Henrietta, NY (Rochester MSA). There are approximately 4 years remaining on the lease followed by 2 five-year options, and the tenant is currently paying below market rates. The subject property is zoned Planned Commercial Development - offering a myriad of options to potentially reposition the property as specialty warhouse, flex, cannabis, and retail.The subject property is located only 0.2 miles off Interstate 390 which has an average of 69,920 vehicles per day. The market has been seeing a rental increase in price per SF of 3% YoY and offers healthy demographics with over 500,000 people residing within a 10-mile radius. Consumer spending in transportation and maintenance sits at an impressive $395,015,952 per year within a 5-mile radius.

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (718) 475-4300

    License(s): NY: 10311204479

    New York

Financing By

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