For Sale
$1,315,847

63 Main StBrockport, NY 14420

High-yield Pizza Hut anchored retail strip.

Overview

Added:
Dec 11, 2024
Days on market:
122
This exceptional investment opportunity presents a 7,700 square foot, multi-tenant retail center in Brockport, NY. Anchored by a Pizza Hut, operating for over 30 years, this property boasts a strong 100% occupancy rate across three tenants under a triple net (NNN) lease structure. The lease features a substantial 15-year remaining term, providing long-term stability and predictable cash flow. The property generates a significant net operating income (NOI) of $120,400, resulting in an attractive 9.15% capitalization rate. Priced at $1,315,847 ($170.89/sq ft), this investment offers a compelling return. Situated on a main thoroughfare in Brockport, the property benefits from high visibility and convenient access. Its proximity to the State University of New York at Brockport (6,900 students) ensures a consistent customer base. The property consists of two buildings, offering flexibility and potential for future expansion or redevelopment. This is a rare opportunity to acquire a well-established, high-performing retail center with a strong tenant mix and excellent long-term prospects. The absolute net lease structure minimizes landlord responsibilities, making this an ideal investment for passive income seekers. Don't miss this chance to secure a prime retail asset in a thriving New York community.

Highlights

  • $1,315,847 asking price for a net-leased retail property.
  • Multi-tenant retail property with a Pizza Hut as an anchor tenant.
  • 7,700 square feet on two buildings, 100% occupied with a 15-year lease remaining.
  • Strong cap rate of 9.15% and a Net Operating Income (NOI) of $120,400.
  • Located at 63 N Main St, Brockport, NY 14420, offering high visibility and accessibility.

Property Details for 63 Main St

Property type
Lifestyle centers, Power centers
Square Feet
7,700 SF
Buildings
2

Location Insight

City
Brockport
County
Monroe
State
New York
Latitude
43.2189076
Longitude
-77.9376811
63 Main St, Brockport, New York

FAQs

What type of property is this?
Lifestyle center - High-yield Pizza Hut anchored retail strip.
Where is the lifestyle center located?
The property is located at 63 Main St Brockport, NY.
What is the asking price?
The asking price for this property is $1,315,847.
What are key features of this property?
This property features: $1,315,847 asking price for a net-leased retail property.; Multi-tenant retail property with a Pizza Hut as an anchor tenant.; 7,700 square feet on two buildings, 100% occupied with a 15-year lease remaining.
How can I contact the broker?
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63 Main St
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