Historical Retail Sale Listing - West Ridge Plaza

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West Ridge Plaza

630 West Ridge Road, Rochester, NY 14615

N/A

77,968 SF | Retail

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Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
77,968 SF
Property Type:
Retail
Property Sub-type:
Neighborhood Center
Property Use Type:
Investment
Cap Rate:
8%
Occupancy:
89%
Tenancy:
Multiple
Year Built:
1963
Listing ID
14239302
Last Updated
over 1 year ago

Highlights

  • 2004 $2M Renovation of entire property
  • Long-term Tenant Mix of National, Regional, and Local Tenants
  • Proven High Traffic Location - 50,000 CPD
  • 3.5% Management Offered - NO OWNER OBLIGATIONS
  • Well Below Replacement Cost
  • NO Assumable Debt

Description

West Ridge Plaza has recently undergone a multi-million dollar renovation, including a redesigned façade, new storefronts, a new roof, a new parking lot, upgraded fire prevention systems, integrated landscaping, and a six-bay self-service car wash. Tenants include Family Dollar, Subway, Rent-A-Center, Century Liquor & Wine ($18 Million in 2004 Sales), Bathtub Billy s Sportsbar and Restaurant, Domm s Bowling Center, Skip s Meat Market, ROC Communications, and Abbott s Frozen Custard. Very well established, long-term tenants. Most tenants full NNN leases. Potential upside through lease-up. PLEASE E-MAIL FOR CONFIDENTIALITY AGREEMENT.

This neighborhood shopping center is adjacent to Kodak Park and its 27,000 employees, just west of Lake Avenue on the north side of West Ridge Road.

Map of 630 West Ridge Road, Rochester, NY 14615 (Monroe County)

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