For Sale
$18,796,000

1208 Scottsville RdRochester, NY 14624

Walgreens & Fresenius: 25,032 SF, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a fee simple interest in two high-performing retail properties, totaling 25,032 square feet. Located in Rochester, NY (1208 Scottsville Rd, 14624) and Paterson, NJ (350 Preakness Ave, 07502), the portfolio boasts a strong 5.10% capitalization rate and a substantial net operating income (NOI) of $958,625. The properties are fully occupied by national tenants Walgreens and Fresenius Kidney Care, ensuring stable cash flow. Built in 2011 and 2017, these properties represent a blend of modern construction and established tenancy. The asking price is $18,796,000, translating to a price per square foot of $750.88. The Rochester property is situated in Monroe County, NY, while the Paterson property is located in Passaic County, NJ. This portfolio offers a compelling investment opportunity with strong tenant occupancy, significant NOI, and a desirable cap rate. The properties are held under fee simple ownership, encompassing both land and buildings. The combined APNs are 262200 135.03-1-9.11 & 08 01204-0000-00008.

Highlights

  • $18,796,000 asking price for a fee simple interest in a retail portfolio.
  • The portfolio consists of two properties totaling 25,032 square feet.
  • Located in Rochester, NY and Paterson, NJ.
  • Tenants are Walgreens and Fresenius Kidney Care, with 100% occupancy.
  • Features a 5.10% cap rate and a $958,625 net operating income (NOI).
  • Built in 2011 and 2017.

Property Details for 1208 Scottsville Rd

Property type
Retail properties, Drug stores
Square Feet
25,032 SF
Year Built
2011

Location Insight

City
Rochester
County
Monroe
State
New York
Latitude
43.1178973
Longitude
-77.6567631
1208 Scottsville Rd, Rochester, New York

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1208 Scottsville Rd
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