2167 W Ridge Rd Local commercial 280 m² Immeuble 4 étoiles À vendre Rochester, NY 14626 3 852 532 € (13 735,78 €/m²) Taux de capitalisation 5,15 %

Caliber Commercial Brokerage is pleased to exclusively offer the opportunity to acquire the fee simple interest in an absolute NNN, Shake Shack in Rochester, NY. Shake Shack recently signed a 15 year lease, with 3 (5-year) options to extend, and with 10% rental increases every 5 years and throughout each option period. This is an absolute NNN lease, with zero landlord responsibilities, making it ideal for a 1031 exchange or passive investor. Shake Shack is a publicly traded company, with over 500 locations nationwide, and a target to reach 1,500 stores in the future.
This Shake Shack is located at the signalized, hard corner of W Ridge Rd and Somerworth Dr, with over 40,000 vehicles per day. W Ridge Rd is the major corridor that serves Greece, and is a median bound road, which further highlights the importance of being at a signalized intersection. Greece, which is Rochester’s most populated suburb, with 221,056 residents and 70,838 employees in a 5-mile radius.