5137 North Rd
Canandaigua, NY 14424
Tim Hortons | Canandaigua, NY · Retail Property For Sale

Tim Donut U.S. Limited, Inc. is a subsidiary of Restaurant Brands International US Services, LLC, which is also the parent company of Burger King and Popeyes. The lease structure is a triple net (NNN) ground lease, with zero landlord responsibilities. Tenant is responsible for maintaining, repairing, and replacing all aspects of the property, as well as all required insurances, taxes, and utilities. There are nine (9.8) years remaining on the lease term, plus two (2), five (5) year options. The lease provides for a 7% rental increase in 2025, and 10% rental increases at each option period. The average household income in the five (5) mile demographic ring is $79,744. The property is situated on the hard-signalized corner of N Rd. & N Main St., which report combined traffic counts of 28,683 cars per day. Tim Hortons is surrounded by several popular retailers including Rite Aid, Tops Friendly Markets and Tractor Supply, among others. The City of Canandaigua is the county seat of Ontario County, and home to several Fortune 500 companies and employers that have been recognized as Best Places to Work by national magazines. Within a 10-mile radius of Canandaigua there are almost 3,000 businesses and more than 32,000 employees. Located 25 miles outside of Rochester, Canandaigua is a hotspot for tourists, offering shopping, snowboarding, skiing, and water activities on the Canandaigua Lake. The subject property is located directly across the street from Pactiv Corporation, a 1.3 Million SF warehouse on a 220-acre site with 850 employees. This implies a built-in customer base. Pactiv Corporation (NYSE: PTV) is an international leader in the consumer and foodservice/food packaging markets it serves.