Listed by Core Real Estate Group
$9,500,000
NNN Investment Opportunity
Details
Property Type Mixed Use, Office
Sub Type Creative Office
Square Footage 31,920
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 08/31/2029
Remaining Term 3.2
Lease Options (2) 5 Year Options
Price per SqFt $298
Year Built 2009
Buildings 1
Acreage 2.010
Ground Lease No
NNN Investment Opportunity | 31,920 SqFt
Investment highlights
- Established Tenant: Charter Communications has occupied the building since 2009
- Long-Term Stability: Tenant did not exercise the early termination option prior to 3/1/26, demonstrating commitment to the location
- Future Upside: Two (2) additional 5-year renewal options with pre-determined rental increases
- Market Consolidation: Other Charter locations in Rochester have been consolidated into this site, making it the company’s only Rochester location
- CAP RATE of 6.34% - Seller will credit rent difference back if closing occurs before September 2026
- Building Characteristics: 31,920 square feet, with approximately 6,000 square feet dedicated to warehouse space and the remaining 25,920 square feet designed for office use
Listing Contacts
Listed by Core Real Estate Group
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