Listed by Caliber Commercial Brokerage
$6,000,000
West Wayne Plaza
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 93,748
Cap Rate 7.80%
NOI $469,589
Occupancy 98.02%
Tenancy Multi
Acreage 12.050
Zoning GC (General Commercial)
Parking Spaces 200 spaces
Parking Per SqFt 2.13
Investment Type Stabilized
Multi Tenant Shopping Center | 7.80% CAP | 93,748 SF
Marketing description
West Wayne Plaza is on NY-31 in Macedon NY, a key corridor linking Canandaigua, Palmyra, and Rochester. It offers multiple access points and is minutes from Route 350, NYS Route 441, I-490, and I-90. Just 20 miles from downtown Rochester, the area is anchored by Walmart and Lowe's, with strong traffic and a growing residential base.
Investment highlights
- Occupied by a mix of regional and local tenants; strong income with upside through lease-up or redevelopment.
- Brand new lease with Lattimore and RRH renewal
- 502' Frontage on Route 31
- 38,000+ residents within a 5-mile radius; high daily vehicle count on NY-31.
- Close to Walmart, Wegmans, Lowe's, Macedon Commons, schools, and Erie Canal recreation.
- Concrete and steel construction, large storefront windows, flexible layouts, and pylon signage.
Listing Contacts
Listed by Caliber Commercial Brokerage
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$469,589.00
$39,132.42/mo
Valuation Metrics
0
DSCR
7.83%
Cap Rate
7.83%
ROI
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