3130 Ridge RdRochester, NY 14626

For Sale
$3,250,000

Chuck E. Cheese & K9 Resort Outparcels

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents two free-standing outparcels totaling 16,500 square feet, situated on a 1.76-acre lot in a Lowe's Plaza in Greece, NY, the largest suburb of Rochester. The property includes a 11,300 square-foot Chuck E. Cheese restaurant operating under a ground lease, boasting 100% occupancy. A new 6,200 square-foot K9 Resorts Luxury Pet Hotel, commencing operations in 2024, is also included, secured by a new 10-year lease. The entire property is zoned for commercial/retail use and was built in 2004. This single-story, dual-building complex offers a compelling investment prospect, particularly suitable for a 1031 exchange. The asking price is $3,250,000, translating to $196.97 per square foot. The property is offered as a ground lease fee ownership with a NNN lease structure. Located at 3120 & 3130 West Ridge Road, this property benefits from its prime location in a thriving area comparable in population to Albany, NY. The property's strong tenant mix and long-term lease agreements provide a stable and attractive return on investment. This is a rare opportunity to acquire a well-established and diversified retail portfolio in a high-growth market. The property's size, location, and tenant mix make it an ideal investment for those seeking a secure and profitable addition to their portfolio.

Highlights

  • Two free-standing outparcels totaling 16,500 square feet on a 1.76-acre lot in a Lowe's Plaza in Greece, NY.
  • 11,300 SF Chuck E. Cheese (ground lease, 100% occupancy) and a new 6,200 SF K9 Resorts Luxury Pet Hotel (new 10-year lease, opening 2024).
  • Commercial/retail zoning; built in 2004; single-story, dual-building complex.
  • $3,250,000 asking price ($196.97/SF); ground lease fee ownership with NNN lease structure.
  • Prime location in Greece, NY (Rochester suburb).

Property Details for 3130 Ridge Rd

Property type
Other retail properties, Restaurants
Square Feet
16,500 SF
Year Built
2004
Buildings
2
Stories
1
Lot Size (sq. ft)
76,666 SF

Location Insight

City
Rochester
County
Monroe
State
New York
Latitude
43.211363501131
Longitude
-77.712571079897
3130 Ridge Rd, Rochester, New York

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3130 Ridge Rd
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