For Sale
$756,000

4084 Henrietta Rd Rochester, NY 14623

High-yield NNN veterinary hospital investment.

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents the fee simple interest in a 3,200 square foot, two-story veterinary hospital located at 4084 W Henrietta Rd, Rochester, NY 14623. The property, built in 1973, boasts 30 parking spaces and enjoys a prime location on a busy thoroughfare with high visibility, sharing the area with Lowe's, Dunkin', Target, and Starbucks. The current tenant, Community Veterinary Partners, has a strong 2.5-year remaining lease term with two 5-year renewal options, ensuring long-term income stability. The NNN lease structure minimizes landlord responsibilities, making this an ideal low-management investment. The lease includes annual rent bumps of 1%, and the property currently generates a Net Operating Income (NOI) of $64,328, resulting in an attractive 8.51% cap rate. The asking price is $756,000 ($236.25/sq ft). The property's strong location, within a 5-mile radius boasting a population of 108,384 residents and 75,352 daytime employees with an average household income of $102,776, contributes to its exceptional investment potential. The property's APN is 263200 161.19-1-69. The tenant is responsible for all repairs and replacements of all exterior utility and related service lines, cables and conduits servicing the premises and subject to normal wear and tear, roof, foundation, parking lot, sidewalks, exterior walls, and all structural components of the premises. W Henrietta Road sees an average daily traffic count of 21,503 vehicles. This is a truly passive investment opportunity with significant upside potential.

Highlights

  • CVP's lease has over two years remaining, plus two five-year renewal options.
  • Lease includes flat 2% annual rent increases.
  • High visibility location with significant street frontage on W Henrietta Road and a large monument sign.
  • Excellent location on W Henrietta Road, with 21,503 average daily vehicles passing by.
  • Strong demographics: over 108,384 residents and 75,352 employees within a 5-mile radius, boasting an average household income of $102,776.
  • Located in a vibrant commercial area with national tenants including Lowe's, Dunkin', Target, and Starbucks.

Property Details for 4084 Henrietta Rd

Property type
Retail properties, Medical space
Square Feet
3,200 SF
Year Built
1973
Stories
2

Location Insight

City
Rochester
County
Monroe
State
New York
Latitude
43.07098642492
Longitude
-77.645376988518

FAQs

What type of property is this?
Retail property - High-yield NNN veterinary hospital investment.
Where is the retail property located?
The property is located at 4084 Henrietta Rd Rochester, NY.
What is the asking price?
The asking price for this property is $756,000.
What are key features of this property?
This property features: CVP's lease has over two years remaining, plus two five-year renewal options.; Lease includes flat 2% annual rent increases.; High visibility location with significant street frontage on W Henrietta Road and a large monument sign.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
4084 Henrietta Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message