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Border City Cone N Grill & Car Wash 29 Border City Rd 5,061 SF 100% Leased Retail Building Geneva, NY 14456 $1,000,000 ($197.59/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- New Triple Net Lease Structure
- Expansive Site With Multiple Uses
- Strong Rental Growth
- Established Finger Lakes Market
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Border City Cone N Grill & Car Wash located at 29 Border City Road, Geneva, NY 14456. The site consists of roughly 5,061 rentable square feet of building space on an estimated 3.53-acre parcel of land. Border City Cone N Grill & Car Wash is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $90,000 and has scheduled increases of 2.00% Annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,061 SF
Building Class
B
Year Built
2010
Price
$1,000,000
Price Per SF
$197.59
Cap Rate
9%
NOI
$90,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.03
Lot Size
3.53 AC
Opportunity Zone
Yes
Zoning
05
PROPERTY TAXES
| Parcel Number | 453889-024-000-0001-001-011-0000 | Improvements Assessment | $441,100 |
| Land Assessment | $70,000 | Total Assessment | $511,100 |
PROPERTY TAXES
Parcel Number
453889-024-000-0001-001-011-0000
Land Assessment
$70,000
Improvements Assessment
$441,100
Total Assessment
$511,100
CONTACTS
-
Jonathan Eckerd -
Ken Johnson -
Cassandra Mosser -
Glen Kunofsky -
Christopher Marks -
Surmount
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Border City Cone N Grill & Car Wash | 29 Border City Rd
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