This Retail Property is Off-Market.

14 Railroad Street
Victor, NY 14564 ·

11,200 SF · Retail For Sale

N/A

Print

Mickey Finn's Station One Restaurant and Bar

Price N/A Occupancy 100%
Building Size 11,200 SF No. Stories 2
Property Type Retail Tenancy Single
Property Sub-type
Restaurant
More...
  • Neighborhood Center
  • Special Purpose (Other)
Year Built 1974
Property Use Type Investment Lot Size 2.30 AC
Commission Split 3% APN / Parcel ID 28.010-0001-009.1
Cap Rate 11.29%
Listing ID: 15449103 Date Created: 11/21/2007 Last Updated: 04/28/2008

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.

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.

Research

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

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Victor Market Trends - Asking price index trends, sale price trends, asking rent trends

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)