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3160 W Ridge Rd
Rochester, NY 14626

Price Upon Request

Storefront Condo For Sale  •  31,500 SF

Property Details

  • Property Type Storefront
  • Total Building Size 165,690 SF
  • Lot Size 14.2 AC
  • Building Class B
  • Year Built 1989
  • Tenancy Multiple
  • Zoning C-3
0 Transit Score
49 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 1 Retail 31,500 SF Price Upon Request
  • Unit Size: 31,500 SF
  • Condo Use: Retail
  • Price: Price Upon Request
  • Sale Type: Investment
Description
31,500 square feet on a long-term ground lease (99-years)within a 165,000 square foot plaza anchored by Lowe's.  This portion of the center is fully occupied by two tenants and currently available for sale.

Sale Notes
CBRE Upstate NY has been retained as the exclusive broker for the sale
of a leasehold interest in a retail center in suburban Rochester, New York.
Located in the Town of Greece, the Rochester Metropolitan Area‘s largest
suburban community, the offering is comprised of 31,500 square feet of the
center which is fully occupied by Ollie‘s Bargain Outlet and Flaming Deals.
The Subject Property is controlled through a long-term land lease which
requires NO rental payments to the underlying “Master Landlord“. The
in-place retailers are responsible for NNN expenses, and in the event of a
vacancy these expenses revert to the “Master Landlord“

Description 

The Subject Property is centrally located in the West Ridge Road trade area of Rochester‘s Northwest Submarket. West Ridge Road (NYS Route 104) is a primary east-west traffic corridor and home to approximately 4.0± million square feet of retail space, anchored by the 1.63± million square foot Mall at Greece Ridge. The presence of the mall, along with the dense population base, has long meant that West Ridge Road is a core location for retailers in the Greater Rochester Area and is generally viewed as one of the first locations to be considered for new retailers entering the market.

Highlights

FAVORABLE LAND LEASE STRUCTURE - The Subject Property is controlled by a 99-year land lease which requires no annual rental payments.
WELL ENTRENCHED TENANT - Approximately 86% of the space is leased by Ollie‘s Bargain Outlet, a strong national tenant with 18 year operating history.
MINIMAL EXPOSURE FOR VACANT SPACE - Responsibility for NNN expenses revert to the Master Landlord in the event of vacancy.
CORE RETAIL TRADE AREA - The asset is centrally located within the West Ridge Road trade area, home to over 4 million square feet of retail space.

Property Flyers

Amenities

  • Bus Line
  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Signalized Intersection

Public Transportation

Commuter RailDriveWalkDistance
14 min - 7.9 mi
AirportDriveWalkDistance
Frederick Douglass/Greater Rochester International 18 min - 9.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 1200
Type: Surface
Included in Rent: Yes
Jaymes Keenan 585-784-3638 CBRE Upstate NY
Jaymes Keenan 585-784-3638 CBRE Upstate NY