Net-Lease Bank Ground-Lease
For Sale
$775,000
2255 Hudson Avenue, Rochester, NY 14617
Newly constructed 2026 Citizens Bank branch under a corporate-guaranteed net lease with scheduled rent increases.
Property Size7,453 SF
Days on Market140
Property Features for 2255 Hudson Avenue
General Information
Standard status
Active
Size
7,453 SF
Total Parking Spaces
35
Property subtype
Commercial
Zoning
C, Commercial
Additional Details
Cap Rate
5.5%
Building Details
Building Size
7,453 SF
Year Built
1980
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Tru Agent Real Estate
(585) 362-6810
Listed By:
Dara E. Petralia · License #(S):CA:02100489
(585) 362-6810
Source:
Homeprocny
Added: Apr 7
Changed: Aug 24
Last Checked: Aug 23 at 12:34PM
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 Tru Agent Real Estate
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.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
514
Businesses Nearby
138k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 52%
Shops & Services 32%
Dining 13%
Beauty & Spa 2%
Wegmans
Groceries
55,912 visits/mo
0.2 miles
Dollar Tree
Shops & Services
16,659 visits/mo
0.1 miles
Aldi
Groceries
16,274 visits/mo
0.0 miles
Dunkin' Donuts
Dining
11,145 visits/mo
0.1 miles
Dollar General
Shops & Services
8,020 visits/mo
0.1 miles
Demographics for 14617, NY
22,599
Population
9,747
Households
2.3
Avg Household Size
43
Median Age
50%
College-Educated
97%
High-School Grad
7.9 sq mi
ZIP Area
2,861
Density / Sq Mi
$89,530
Median Household Income
$52,704
Median Earnings
$1,197
Median Rent
$179,100
Median Home Value
Market
Vacancy Rate% for Retail in Rochester, NY
Questions? Ask Rey
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Frequently Asked Questions
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 Avenue Rochester, NY.
What is the asking price?
The asking price for this property is $775,000.
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.
