15 Cook Dr Rochester, NY 14623-3509

Property Details for 15 Cook Dr

Year built

2021

Lot size

10.11 lot acres

Property size

50,000 SF

Zone code

06 - INDUSTRIAL

Property type

Distribution centers

APN

263200 161.11-1-22.117

APU

26320016111122117

Description

This exceptional Class A industrial property presents a compelling investment opportunity. The 50,000-square-foot distribution center, built in 2021, is situated on a 6.07-acre lot in Rochester, NY, at 15 Cook Dr, 14623. Currently 100% occupied by The Home Depot under a triple-net (NNN) lease with seven years remaining (expiring 10/30/2031), this single-tenant asset offers significant stability and predictable cash flow. The lease features a 2% annual rent increase, minimizing landlord responsibilities. The building boasts 28-foot clear heights, 18 dock-high doors, one drive-in door, and ample parking (50 spaces). Additional features include 3,395 square feet of office space and three points of ingress/egress. The property benefits from a prime location near major transportation arteries, including Interstate 390 and the I-90 interchange, within a thriving logistics hub and a major retail corridor, experiencing high traffic counts (21,600+ VPD on Henrietta Road and 62,400+ VPD on I-390). The strong tenant, Home Depot (an S&P "A" credit rated company), provides a high level of security. The asking price is $7,700,000, representing a 5.86% cap rate and a price per square foot of $154. The property also includes a new roof with a 30-year transferable warranty. This is a rare opportunity to acquire a stabilized, high-quality industrial asset with a long-term lease and significant upside potential. The lease includes a 5-year option.

Location Insight

City

Rochester

County

Monroe

State

New York

Longitude

-77.6431

Latitude

43.0843

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments