1600 E Ridge Rd
Rochester, NY 14617
L.A. Fitness · Retail Property For Sale
Investment Highlights
- LA Fitness’ absolute NNN lease has ±8.5 years of initial term remaining and features a rent escalation 10% every 5 years during the initial term.
- 7.7 MSF of retail, 5.6 MSF of office, 7.4 MSF of industrial and 9,183 multifamily housing units within a 3-mile radius of the site.
- The site is subject to a tax abatement program which provides the purchaser with approximately $335,000 of bonus un–capped income.
Property Facts
About 1600 E RIDGE RD , ROCHESTER, NY 14617
The Property is prominently positioned with access along East Ridge Road (Traffic Count: 15,827 VPD) and visibility from Kings Highway (Traffic Count: 9,684 VPD), which is just down from the entrance / exit ramps for Highway–104 (Traffic Count: 65,016 VPD). LA Fitness is strategically located in one of Rochester’s main retail corridors which includes over 7.7 MSF of retail within a 3-mile radius. Major national retailers in the vicinity include Walmart, Target, Home Depot, Tops Friendly Markets, Wegmans, Marshalls, PetCo, Party City, Walgreens, GameStop, Aman’s Farm & Market, Sherwin–Williams, Harbor Freight Tools, Advance Auto Parts, Pep Boys, Mavis Discount Tire, Speedway, Bank of America, AT&T, Aspen Dental, Applebee’s, Chipotle, Panera Bread, IHOP, Sonic, Popeyes, Wendy’s, Tim Hortons, McDonald’s, and Dunkin’, among many others. LA Fitness is directly across from Skyview on the Ridge, which is a redevelopment of the Medley Center mall and will include a community center, office, and distribution space. LA Fitness also benefits from its close proximity to Bishop Kearney High School and Rochester Regional Health–Riedman Health Center which drive significant traffic around the site. In total, there are more than 7.7 MSF of retail, 5.6 MSF of office, 7.4 MSF of industrial and 9,183 multifamily housing units within a 3-mile radius of the site. Furthermore, the store serves a large customer base in the immediate surrounding area which has 118,502 residents with an average household income of $56,734 in a 3–mile radius.
Property Taxes
| Parcel Number | 263400-092-050-0001-001-100 | Improvements Assessment | $2,776,900 |
| Land Assessment | $723,100 | Total Assessment | $3,500,000 |
Property Taxes
