2100-2110 Chili AveRochester, NY 14624

Property Details for 2100-2110 Chili Ave

Year built

1998

Lot size

1.47 AC

Property type

Office properties

Property subtype

Lifestyle centers

Description

This exceptional value-add opportunity presents a 7,322 square foot retail strip center in Rochester, NY, boasting a strong 85.3% occupancy rate and a compelling 7.00% cap rate. Anchored by a Starbucks with a drive-thru and Aspen Dental, the property generates a substantial NOI of $222,111. The three tenants, including a vacant 1,076 square foot unit, occupy a single, one-story building constructed in 1998 on a 1.474-acre lot. The property benefits from a triple-net (NNN) lease structure with credit-rated tenants. Its strategic location on Chili Avenue (22,633 VPD) places it at a main intersection in the submarket, offering excellent visibility and access. The center is shadowed by a Walmart, which, according to Placer.ai, ranks in the 73rd percentile for most heavily trafficked Walmarts in the U.S., receiving over 2.1 million annual visits. This high-traffic location is further enhanced by its proximity to the University of Rochester (3 miles), Wegman's Corporate HQ, and the Greater Rochester International Airport, contributing to a combined employment base exceeding 25,000 people. The property also benefits from convenient access to major interstates I-490 (41,187 VPD) and I-390 (86,699 VPD). The roof was replaced in 2018 and is under warranty until 2038, minimizing deferred maintenance. The asking price is $3,175,000, and the property is offered free and clear of existing financing. This presents a rare opportunity to acquire a well-positioned, high-performing retail asset with significant upside potential.

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.1316

Longitude

-77.6884

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