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32321193
32321194

2133 Hudson Avenue, Rochester, NY 14617 For Sale

JF
CA 02100489
Marcus & Millichap - Los Angeles
TB
CA 02116455
Marcus & Millichap - Los Angeles
RN
01324570
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles
$1,293,341
68 days on market
Updated 63 days ago

M&T Bank | Absolute NNN Lease | Corporate Guaranty

Details
Property Type Retail
Sub Type Bank, Storefront
Square Footage 2,624
Net Rentable (SqFt) 2,624
Cap Rate 5.75%
NOI $74,367
Occupancy 100%
Tenancy Single
Brand/Tenant Chase Bank, Bank of America (+8)
Lease Type Absolute NNN
Lease Term 44.8
Lease Expiration 12/31/2030
Remaining Term 4.5
Rent Bumps Yes
Lease Options 2 x 5 Years
Year Built 1990
Acreage 0.530
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/01/1986
Ground Lease No

40+ Year Successful Operating History | $100M Deposits (2025)

Marketing description

Marcus & Millichap is pleased to offer a corporate-guaranteed NNN M&T Bank located at 2133 Hudson Avenue in Irondequoit, NY, within the Rochester MSA. The asset delivers passive, stable income backed by a publicly traded financial institution with a long-established operating history. The branch benefits from 40+ years of continuous operation, demonstrating strong performance and long-term viability at this site. The lease provides ±4.5 years of remaining term, with two renewal options featuring 7.5% and 5% rent increases, offering durable cash flow and built-in income growth.

The property is strategically positioned along Hudson Avenue, a heavily traveled corridor serving dense suburban neighborhoods and connecting directly to downtown Rochester. The surrounding trade area includes national retailers, neighborhood services, and major shopping centers, creating consistent daily traffic and strong consumer demand. The immediate area continues to benefit from new residential and commercial development, reinforcing long-term stability.

The Rochester MSA is a 1.06 million-person economy anchored by major institutions such as the University of Rochester, Rochester Regional Health, and Wegmans. With a diversified employment base, strong household incomes, and ongoing public and private investment, the region provides a solid foundation for long-term net-lease performance.

This offering represents an opportunity to acquire a high-quality, passive NNN investment with a strong corporate guaranty, proven operational history, and a prime suburban location within a stable and growing Northeast market.

Investment highlights

  • Corporate-Guaranteed NNN Lease With ±4.5 Years Remaining With Scheduled Rental Increases in Option Periods
  • Established Branch in a High-Traffic Prime Location Along Hudson Avenue In The Rochester MSA
  • 40+ Year Successful Operating History | Nearly $100M Deposits in 2025 (Top 75th Percentile Location in America per Placer.ai)
  • Proven Operational Stability With Strong Visibility And Access
  • Strong Regional Economic Fundamentals

Listing Contacts

JF
CA 02100489
Marcus & Millichap - Los Angeles
TB
CA 02116455
Marcus & Millichap - Los Angeles
RN
01324570
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$74,367.00
$6,197.25/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

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Additional Information

Name
John Horowitz
License
10311204479
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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