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2004-2042 Chili Ave, Rochester, NY, 14624

SHOPPES AT WESTGATE-ROSS BUILDING
$6,625,000

Key Information

Cap Rate
9%
$ per SF
$21
Year Built
11998
Type
Shopping Centers
Occupancy
90.83%
NOI
$596,100
Leasable Area
62,042

Highlights

INVESTMENT HIGHLIGHTS

  • Ross Anchored Community Center | 6 Tenants – 100% National (Corporate) | Brand New 10-YR Ross Dress For Less Lease
  • Walmart Shadow Anchored | Significant Daily Traffic Drivers | Walmart, Starbucks, McDonald’s, Walgreens, Ross Dress For Less, Dollar Tree, Chase & USPS in Immediate Vicinity
  • Walmart Ranks in 73rd Percentile for Most Heavily Trafficked Walmart’s in the U.S. per Placer.ai (2.1M+ Annual Visits)
  • Closest Walmart to University of Rochester (3 miles) – 12,000+ Students | Less Than 5 miles from Downtown Rochester Daytime Population of ~250,000 within 5 miles
  • Located Directly Next to Wegman’s Corporate HQ Campus + the Greater Rochester International Airport Combined Employment Base of 25,000+ People | 2.5M+ Annual Air Passengers
  • Ideal Proximity and Convenient Access to the I-490 (41,187 VPD) and I-390 (86,699 VPD) Interchange
  • Minimal Deferred Maintenance | Roof Replaced in 2018 – Under Warranty Thru 2038
  • Excellent Visibility and Access from Chili Ave (25,000+ VPD) – Main & Main Intersection in Submarket
  • Offered Free & Clear of Existing Financing

Photos

Location

Agents

Broker of Record

Cory Rosenthal

License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203