811 Jefferson Rd Rochester, NY 14623
- Super regional malls
- 55,832 SF
- 3.87 lot acres
Current Use by Public Records
- Hobby Lobby / Home Goods Store / Picture Frame Shop
Property Details for 811 Jefferson Rd
- Year built
- 2020
- Lot size
- 3.87 lot acres
- Property size
- 55,832 SF
- Zone code
- 05 - COMMERCIAL
- Property type
- Super regional malls
- APN
- 263200 162.09-1-3.112
- APU
- 2632001620913112
Description
This exceptional investment opportunity presents a brand new, 4,600 square foot Panera Bread restaurant located at 811 Jefferson Rd, Rochester, NY 14623. Situated on a 0.814-acre lot, this property boasts a prime location within a dense retail corridor, benefiting from high visibility and traffic counts exceeding 29,900 vehicles daily. The building, constructed in 2023, is an outparcel of a new Hobby Lobby and is surrounded by other major retailers including Home Depot, PetSmart, Chick-fil-A, Aldi, Burlington, and Dick's Sporting Goods. This single-tenant, net-leased property offers a secure investment with a corporate guarantee from Panera Bread, a leading fast-casual restaurant chain with over 2,100 locations. The lease features a 15-year initial term with 10% rent bumps every five years, and includes four, five-year renewal options. The asking price is $4,784,000, representing a price per square foot of $1,040 and a 5.00% cap rate. The property currently generates a net operating income (NOI) of $239,200, with 100% occupancy. This is a rare opportunity to acquire a high-quality, passively managed investment with a strong tenant and significant upside potential. The property offers limited landlord responsibilities, making it an ideal addition to any investment portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rochester
- County
- Monroe
- State
- New York
- Longitude
- -77.6203
- Latitude
- 43.0857
- CBSA code
- 40380
- CBSA name
- ROCHESTER, NY METROPOLITAN STATISTICAL AREA
