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Walgreens: Irondequoit, NY 2100 E Ridge Rd

14,805 SF Retail Building Rochester, NY 14622 $6,798,550 CAD ($459 CAD/SF) 7.49% Cap Rate

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INVESTMENT HIGHLIGHTS

Absolute NNN Lease with Corporate Guaranty
Hard Corner Site at Signalized Intersection
Strong annual store-level sales

Proximate to Rochester General Hospital
Educational Traffic Drivers
Options 1-10 NOI: $393,000 gives an investor opportunity to increase unlevered return to 8.35% throughout options

EXECUTIVE SUMMARY

The CBRE Net Lease Property Group is pleased to offer for sale the 14,805 square-foot Walgreens situated on 1.44 acres in Irondequoit, NY - a component of the Rochester, NY MSA (Population: 1.1M). Walgreens’ absolute NNN lease features a corporate guaranty from Walgreen Co. and was recently extended for an additional 3 years through 2034. The lease currently has ±9.8 years of term remaining and ten, 5-year renewal options.