Historical Retail Sale Listing - Mickey Finn's Station One Restaurant and Bar

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Mickey Finn's Station One Restaurant and Bar

14 Railroad Street, Victor, NY 14564

N/A

11,200 SF | Retail

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Retail Property - Off Market

Price:
N/A
Building Size:
11,200 SF
Property Type:
Retail
Property Sub-type:
Restaurant
Additional Sub-types:
Neighborhood Center
Special Purpose (Other)
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
11.29%
Occupancy:
100%
No. Stories:
2
Tenancy:
Single
Year Built:
1974
Lot Size:
2.30 AC
APN / Parcel ID:
28.010-0001-009.1
Listing ID
15449103
Last Updated
over 1 year ago

Highlights

  • Rare Sale Lease Back Opportunity.
  • Fully Net Ten Year Lease - $8,000/month.
  • Located in a upper income community with a growing population.
  • Located near and on the route to several golf courses and ski hill.
  • Limited competition - no other non-chain, full service restaurant within 3 miles.
  • Recently completely renovated Party Room on the lower level with seating for over 100 people.

Description

RARE SALE LEASEBACK: This 180 seat casual dining restaurant is located inthe Village of Victor, New York, Mickey Finn' s has been serving the dining public for more than 10 years. It boasts an extensive menu of moderately priced home cooked soups, sandwiches and entrées, which caters to the affluent population of Rochester' s southeastern suburbs. The prior owner of the restaurant had built the business into a thriving enterprise, with gross annual sales exceeding $1.7 million in 2003. Illness and problems lead to a decline in sales and bank foreclosure in late 2006. Since acquiring the property in November 2006, the current owner has made significant investment in the property and business. Sales and profits have returned to their prior level. With the recent addition of a newly constructed banquet room both are projected to increase even further. A new 10-year Lease at $8,000/month will be executed.

Mickey Finn' s attracts customers from the Village of Victor as well as the Towns of Pittsford, Mendon, Perinton and Farmington. There are several golf courses within close proximity to restaurant, including the 54 hole Victor Hills (less than two miles away). It is also located directly off State Hwy 444, a major route of travel for skiers traveling back and forth between Rochester and Bristol Mountain.

Map of 14 Railroad Street, Victor, NY 14564 (Ontario County)

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Created 11/21/2007