Net-Lease Bank Ground-Lease
2255 Hudson Ave Irondequoit, NY 14617
2255 Hudson Ave, Irondequoit, NY, 14617
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For Sale
Contact for pricing
Newly constructed 2026 Citizens Bank branch under a corporate-guaranteed net lease with scheduled rent increases.
Property Size3,187 SF
Price / SF$442.14
Days on Market107
Property Features for 2255 Hudson Ave
General Information
- Standard status
- Active
- Size
- 3,187 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2026
Listing agency
Marcus & Millichap - Los Angeles
(310) 909-5500
Listed by
Jason Fefer · License #CA 02100489
Source
Crexi
Added: Apr 6 Updated: Jul 20 at 5:07PM Checked: Jul 21 at 7:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
Marcus & Millichap presents a Citizens Bank net-lease investment at 2255 Hudson Ave, Irondequoit, NY. The property is described as a newly constructed 2026 construction branch secured by a corporate-guaranteed net lease, structured on a corporate ground lease guaranteed by Citizens Financial Group. The offering is presented with a brand-new branch, a 10-year remaining primary term, and zero landlord responsibilities.
The investment is offered at $1,409,091 based on $77,500 in annual net operating income and a 5.50% cap rate. Scheduled rent increases are stated to include a 5% bump in Year 6, followed by 10% increases every five years. The property is listed at 3,187 square feet.
The investment is offered at $1,409,091 based on $77,500 in annual net operating income and a 5.50% cap rate. Scheduled rent increases are stated to include a 5% bump in Year 6, followed by 10% increases every five years. The property is listed at 3,187 square feet.
Key Highlights
- Newly constructed 2026 Citizens Bank branch under a corporate‑guaranteed net lease.
- Corporate ground lease guaranteed by Citizens Financial Group.
- 5.50% cap rate with $77,500 in annual net operating income.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.8k | $21.60 |
| − Vacancy | −$7.1k | −$2.22 |
| EGI | $61.7k | $19.38 |
| − OpEx | −$15.4k | −$4.84 |
| NOI | $46.3k | $14.53 |
3,187 SF · lease $21.60/SF/yr · vacancy 10.30% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$661.6K
$578.9K – $771.9K
NOI $46,312 @ 7.0% cap · market cap 3.29%
Second Best
Retail
$617.5K
$540.3K – $720.4K
NOI $43,224 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$873.1K
$763.9K – $1.02M
NOI $61,114 @ 7.0% cap · market cap 4.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dunkin'
Cafe & Coffee Shop
Citizens ATM
Atm
Citizens
Bank
Citizens Bank ATM
Atm
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - Newly constructed 2026 Citizens Bank branch under a corporate-guaranteed net lease with scheduled rent increases.
Where is this bank located?
The property is located at 2255 Hudson Ave Irondequoit, NY.
What is the asking price?
The asking price for this property is $1,409,091.
What are key features of this property?
This property features: Newly constructed 2026 Citizens Bank branch under a corporate‑guaranteed net lease.; Corporate ground lease guaranteed by Citizens Financial Group.; 5.50% cap rate with $77,500 in annual net operating income.
