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- LoopNet Team
1515 W Ridge Rd
Rochester, NY 14615
Red Lobster · Retail Property For Sale
Investment Highlights
- This Red Lobster is subject to a 20-year absolute triple-net (NNN) lease, with 15 years remaining
- The rent will increase by 2% annually, including through the four, five year tenant renewal options, providing investors with a strong inflation hedge
- The lease is subject to a corporate guarantee, adding additional security throughout the term of the lease, through 704 corporate locations
Property Facts
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Signalized Intersection
About 1515 W RIDGE RD , ROCHESTER, NY 14615
This Red Lobster is located at 1515 West Ridge Road in Rochester, New York. Rochester is a city in, and is the county seat of Monroe County. It orders the southern shore of Lake Ontario in the western portion of New York State. Rochester is the third most populous city in New York. In 2010, Forbes rated Rochester as the third best place to raise a family. Rochester is now an international center for higher education, as well as medical and technological development. The subject property is well-positioned near several area attractions, benefitting from it’s proximity to major national and local retailers. Restaurants in the area include: Olive Garden, Applebee’s, Buffalo Wild Wings, Five Guys, Outback Steakhouse, Chipotle, Longhorn Steakhouse, and many more. National retailers include: Dollar Tree, Toys “R” Us, Rite Aid, Home Depot, Chevrolet, Ashley Furniture, Verizon Wireless, LA Fitness , and many more. The Mall at Greece Ridge is down West Ridge Road and features more than has over 140 specialty stores. Rochester is the third most populous city in the state of New York. Rochester is home to multiple Fortune 500 companies such as Eastman Kodak, as well as Carestream Health. Xerox and Western Union were both founded in Rochester. The University of Rochester has over 10,000 students enrolled and more than 1,225 staff. The Rochester International Jazz Festival, one of the largest in America, takes place in June each year and draws over 187,000 individuals from around the country. Greater Rochester International Airport is in the area and conducts over 91,000 aircraft operations annually.
Property Taxes
| Parcel Number | 262800-074-200-0003-007-200 | Improvements Assessment | $927,800 |
| Land Assessment | $491,100 | Total Assessment | $1,418,900 |
Property Taxes
