1500 Ridge RdRochester, NY 14615

Property Details for 1500 Ridge Rd

Year built

2002

Lot size

0.29 AC

Property size (Sq ft)

6,738 SF

Zone code

05 - COMMERCIAL

Property type

Retail properties

Property subtype

Turn key restaurants

APN

262800 075.17-1-13

APU

26280007517113

Description

This exceptional investment opportunity presents a 5,791 square foot Buffalo Wild Wings restaurant located at 1500 W Ridge Rd, Rochester, NY 14615, in Monroe County. The property sits on a 0.47-acre lot and is offered at an asking price of $1,350,000. This is a Net Lease (NN+) investment with a corporate guarantee from Blazin Wings, Inc., providing significant security. The current lease, with a remaining term of five years, commences November 1, 2024, and expires October 31, 2029. The tenant, Buffalo Wild Wings, has occupied this location since 2014 and recently exercised a lease extension. The lease includes three five-year renewal options. The annual base rent is $93,500, translating to $16.15 per square foot. This established, high-traffic location offers a strong return on investment with a stable, nationally recognized tenant. The property is categorized as retail, specifically a restaurant, and presents a compelling opportunity for discerning investors seeking a secure, long-term net lease investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,599,469

  6.5%

  $1,476,433

  7%

  $1,370,973

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,551,240

  Geo Method

  $1,068,197

• Alternative Use

  Use

  Valuation

  Residential

  $1,245,426

  Hospitality

  $1,140,804

  Educational

  $949,135

  Medical

  $981,778

  Retail

  $1,476,433

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.2058

Longitude

-77.6671

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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