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Upstate Bottle Return and Vacancy Opportunity 3229-3235 State St 3,908 SF 100% Leased Retail Building Caledonia, NY 14423 $360,000 ($92.12/SF) 14.28% Cap Rate
INVESTMENT HIGHLIGHTS
- Upstate Bottle Return - 15 Year Sale Leaseback at COE
- 2 Unit Free Standing Retail Properties - Located in Caledonia, NY
- 25 Minute Commute to Greater Rochester International Airport
- Absolute NNN Lease Structure with Zero Landlord Responsibilities
- Minimal Retailer Competition within Nearby Area of Sites
- Caledonia-Rochester, NY MSA - TOP 55 - Ranked #52 in the U.S.A
EXECUTIVE SUMMARY
For Sale:
Upstate Bottle Return & Smoke Shop
Bottle Return will sign a 15yr NNN Sale Lease-back at Close of Escrow
Fully Occupied
Upstate Bottle Return & Smoke Shop
Bottle Return will sign a 15yr NNN Sale Lease-back at Close of Escrow
Fully Occupied
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$50,400
|
$12.90
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$50,400
|
$12.90
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $50,400 |
| Annual Per SF | $12.90 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $50,400 |
| Annual Per SF | $12.90 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
3,908 SF
Building Class
C
Year Built
1960
Price
$360,000
Price Per SF
$92.12
Cap Rate
14.28%
NOI
$51,408
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.09
Lot Size
0.96 AC
Zoning
Caledonia
Parking
15 Spaces (3.84 Spaces per 1,000 SF Leased)
Frontage
69’ on North St
AMENITIES
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Basisty Holdings LLC
- Real Estate
- 1,600 SF
- -
- Modified Gross
- Mar 2027
- Caledonia Bottle & Can Retrieval Center
- Retailer
- 1,808 SF
- -
- Triple Net
- -
- Caledonia Smoke Shop
- Retailer
- 700 SF
- -
- Modified Gross
- Jan 2027
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Basisty Holdings LLC | Real Estate | 1,600 SF | - | Modified Gross | Mar 2027 | |
| Caledonia Bottle & Can Retrieval Center | Retailer | 1,808 SF | - | Triple Net | - | |
| Caledonia Smoke Shop | Retailer | 700 SF | - | Modified Gross | Jan 2027 |
PROPERTY TAXES
| Parcel Number | 242201-008-009-0002-059-000-0000 | Improvements Assessment | $120,500 (2024) |
| Land Assessment | $29,600 (2024) | Total Assessment | $150,100 (2024) |
PROPERTY TAXES
Parcel Number
242201-008-009-0002-059-000-0000
Land Assessment
$29,600 (2024)
Improvements Assessment
$120,500 (2024)
Total Assessment
$150,100 (2024)
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Upstate Bottle Return and Vacancy Opportunity | 3229-3235 State St
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