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2100 - 2110 Chili Ave ( Starbucks bldg ), Rochester, NY, 14624

SHOPPES AT WESTGATE-STARBUCKS BUILDING
$3,175,000

Key Information

Cap Rate
7%
Year Built
1998
Type
Shopping Centers
Occupancy
85.3%
NOI
$222,111
Leasable Area
7,322

Highlights

INVESTMENT HIGHLIGHTS

  • Starbucks & Aspen Dental Anchored Strip Center | 3 Tenants | Starbucks Drive-Thru | Starbucks & Aspen Dental Comprise 85% of Gross Income
  • Immediate Value-Add Opportunity | 1 Vacant Unit – 1,076 SF | 85% Occupied
  • Walmart Shadow Anchored | Significant Daily Traffic Drivers | Walmart, Panera, McDonalds, 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 (22,633 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