1200 Miracle Mile DrRochester, NY 14623
For Sale
$10,000,000
Sportsman's Warehouse, 55,000 SF, 8.25% Cap Rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 125
Highlights
- Long-term lease with Sportsman's Warehouse, expiring January 2036, with two 5-year renewal options.
- Attractive 5% rent increases every five years throughout the lease term and first option period, with market rent at the start of the second option.
- Corporate-guaranteed lease with publicly traded Sportsman's Warehouse (NASDAQ: SPWH).
- Excellent retail location on a pad site adjacent to The Marketplace Mall, less than a mile from I-390, providing easy access to I-90 and I-590.
- Strong retail trade area with nearby Walmart, Wegmans, and numerous national retailers.
- High traffic counts exceeding 22,500 vehicles daily on nearby roads.
Property Details for 1200 Miracle Mile Dr
- Property type
- Retail properties, Retail space
- Square Feet
- 55,000 SF
- Year Built
- 2014
- Buildings
- 1
- Stories
- 1
- Lot Size (sq. ft)
- 373,745 SF
- Units
- 1
Location Insight
- City
- Rochester
- County
- Monroe
- State
- New York
- Latitude
- 43.081198800752
- Longitude
- -77.635017098075
1200 Miracle Mile Dr, Rochester, New York
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Sportsman's Warehouse, 55,000 SF, 8.25% Cap Rate
- Where is the retail property located?
- The property is located at 1200 Miracle Mile Dr Rochester, NY.
- What is the asking price?
- The asking price for this property is $10,000,000.
- What are key features of this property?
- This property features: Long-term lease with Sportsman's Warehouse, expiring January 2036, with two 5-year renewal options.; Attractive 5% rent increases every five years throughout the lease term and first option period, with market rent at the start of the second option.; Corporate-guaranteed lease with publicly traded Sportsman's Warehouse (NASDAQ: SPWH).
- How can I contact the broker?
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