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31111630
31111629

4401 Lake Ave, Rochester, NY 14612 For Sale

CM
NY 10401392874
Matthews
CK
CA 01911198
Matthews
KP
CA 01949749
Matthews
Listed by Matthews
$1,887,978
87 days on market
Updated 87 days ago
Opportunity zone

Caliber Collision

Details
Property Type Retail
Sub Type Auto Shop
Square Footage 15,418
Units 1
Cap Rate 8%
NOI $151,038
Occupancy 100%
Tenancy Single
Brand/Tenant Caliber Collision
Lease Type NN
Lease Term 10
Lease Expiration 12/30/2030
Remaining Term 5
Rent Bumps Yes
Lease Options Two, 5-Year Options
Price per SqFt $122
Year Built 1965
Buildings 1
Stories 1
Acreage 1.750
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/04/2020
Occupancy Date 12/04/2020

Corporate-Caliber Collision NN+ Investment with 2% Increases & Below-Market Rent

Investment highlights

  • Strategic Corridor Location: Positioned along heavily traveled Lake Avenue in the Charlotte neighborhood of Rochester, the property benefits from strong visibility, convenient access, and consistent daily traffic within an established residential and commercial corridor.

  • Proximity To Lake Ontario Destinations: Located just minutes from waterfront attractions including Ontario Beach Park and the historic Charlotte-Genesee Lighthouse, the site draws from a stable lakeside community with steady vehicle flow.

  • Corporate-Backed Industry Leader: Leased to Caliber Collision, which operates 1,800+ locations nationwide and generates over $7 billion in annual revenue, providing strong national brand presence, operational scale, and investor confidence.

  • Long-Term Net Lease With Minimal Landlord Responsibilities: Structured as a net lease investment, the property offers passive ownership with limited management obligations, making it attractive for investors seeking stable, hands-off cash flow.

  • Built-In 2% Annual Rent Increases: The lease includes 2% annual escalations, delivering consistent income growth and providing a substantial hedge against inflation.

  • Below-Market Rent With Upside: Current rental rate is under $10.00 PSF, while comparable industrial/flex market rents in the Rochester submarket are approximately $16–$18 PSF (CoStar), offering meaningful long-term mark-to-market potential.

  • Purpose-Built ±15,418 SF Facility: Situated on approximately ±1.76 acres, the property features ample vehicle staging, multiple service bays, and an efficient layout tailored for high-volume collision repair operations.

  • Recession-Resilient, Essential Use: Collision repair is a needs-based, insurance-driven service that remains steady through economic cycles and is largely insulated from e-commerce disruption, making it one of the more defensive single-tenant asset classes.

  • Stable Regional Economy: Rochester’s diversified employment base across healthcare, education, and manufacturing supports long-term demand for essential automotive services and reinforces the durability of this investment.

Listing Contacts

CM
NY 10401392874
Matthews
CK
CA 01911198
Matthews
KP
CA 01949749
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$151,038.00
$12,586.50/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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Additional Information

Name
Cory Rosenthal
License
10991237833 (NY)
Title
Broker of Record
Name
Collin McHale
License
10401392874
Brokerage Phone
(866) 889-0550
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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