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Shopping Strip

LeRoy Village Plaza

127 W Main St, Le Roy, NY 14482

Listing Price: $2,850,000

Cap Rate
7.50%
Rentable SF
38,289
Lot Size
4.00 acres
Year Built
1964

Investment Overview

This is a newly redeveloped 38,289-square-foot retail shopping center anchored by the first Dollar Tree/Family Dollar combo store in the market, newly expanded University of Rochester primary care and lab, new AutoZone, and upside from 4,500 SF (12% GLA) vacancy. The subject property is located on the western edge of the Town of Le Roy on New York State Route 5 (Main Street) and is directly across from Tops Plaza at a shared signalized intersection. This is a great investment opportunity that offers a stabilized center with upside from lease up of vacancy.

Investment Highlights

  • 89% Credit Tenants
  • Excellent hedge against inflation with all NNN Leases
  • Upside with lease up 4,500 SF (12% GLA)
  • Annual 2% rent bumps from the University of Rochester
  • The University of Rochester recently expanded and invested in upgraded installation
  • New leases with national credit AutoZone and Dollar Tree/Family Dollar Combo store
  • First Dollar Tree/Family Dollar combo store in the area
  • Well located on West Main Street (Route 5), the market's main retail corridor

Exclusively Listed By

  • Joseph French Jr.

    Licensed Associate Real Estate Broker

    (914) 220-9740

    Email Joseph

    License(s): PA: AB067393, NY: 10301207036, CT: REB.0239741, NJ: 9210310

    Westchester

  • Thomas Dalzell

    Licensed Real Estate Salesperson

    (914) 220-9743

    Email Thomas

    License(s): NY: 10401232983

    Westchester

  • Kodi Traver

    Licensed Real Estate Salesperson

    (914) 220-9758

    Email Kodi

    License(s): NY: 10401335618

    Westchester

Financing By

Shopping Strip

LeRoy Village Plaza

Listing Price: $2,850,000

Cap Rate
7.50%
Rentable SF
38,289
Lot Size
4.00 acres
Year Built
1964

Investment Highlights

  • 89% Credit Tenants
  • Excellent hedge against inflation with all NNN Leases
  • Upside with lease up 4,500 SF (12% GLA)
  • Annual 2% rent bumps from the University of Rochester
  • The University of Rochester recently expanded and invested in upgraded installation
  • New leases with national credit AutoZone and Dollar Tree/Family Dollar Combo store
  • First Dollar Tree/Family Dollar combo store in the area
  • Well located on West Main Street (Route 5), the market's main retail corridor

Investment Overview

This is a newly redeveloped 38,289-square-foot retail shopping center anchored by the first Dollar Tree/Family Dollar combo store in the market, newly expanded University of Rochester primary care and lab, new AutoZone, and upside from 4,500 SF (12% GLA) vacancy. The subject property is located on the western edge of the Town of Le Roy on New York State Route 5 (Main Street) and is directly across from Tops Plaza at a shared signalized intersection. This is a great investment opportunity that offers a stabilized center with upside from lease up of vacancy.

Exclusively Listed By

  • Joseph French Jr.

    Licensed Associate Real Estate Broker

    (914) 220-9740

    Email Joseph

    License(s): PA: AB067393, NY: 10301207036, CT: REB.0239741, NJ: 9210310

    Westchester

  • Thomas Dalzell

    Licensed Real Estate Salesperson

    (914) 220-9743

    Email Thomas

    License(s): NY: 10401232983

    Westchester

  • Kodi Traver

    Licensed Real Estate Salesperson

    (914) 220-9758

    Email Kodi

    License(s): NY: 10401335618

    Westchester

Financing By

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