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Citizens Bank | Newly Constructed 2255 Hudson Ave 1,473 SF Retail Building Rochester, NY 14617 $1,934,823 CAD ($1,313.53 CAD/SF) 5.50% Cap Rate
Investment Highlights
- Prime Infill Location Along Established Hudson Avenue Corridor
- Corporate-Guaranteed NNN Ground Lease | Zero Landlord Responsibilities
- Located Within a High-Density, High-Demand Rochester MSA Submarket
- Brand-New 2026 Construction | Modern Prototype Branch
- Built-In Rental Growth Enhancing Long-Term Yield
Executive Summary
Marcus & Millichap is pleased to present Citizens Bank located at 2255 Hudson Avenue in Irondequoit, NY, a newly constructed, corporate-guaranteed net-lease investment positioned within one of the Rochester MSA’s most established suburban retail corridors. Offered at $1,409,091 with a 5.50% cap rate, the property delivers $77,500 in annual net operating income secured by a brand-new 2026 construction branch featuring modern design, strong visibility, and efficient site access.
The asset is backed by a corporate ground lease guaranteed by Citizens Financial Group, one of the largest and most established regional banks in the United States. With ±10 years of remaining primary term, zero landlord responsibilities, and scheduled rent increases—including a 5% bump in Year 6 followed by 10% increases every five years—the property offers stable, predictable income with built-in long-term growth.
Strategically positioned along Hudson Avenue, a heavily traveled north-south arterial serving Irondequoit and connecting directly to Downtown Rochester, the site benefits from strong daily traffic, dense surrounding residential neighborhoods, and proximity to major retail anchors including Wegmans, ALDI, Dollar General, and multiple national QSR brands. The combination of new construction, corporate credit, and a prime infill suburban location makes this a compelling long-term passive investment within a high-performing Upstate New York market.
The asset is backed by a corporate ground lease guaranteed by Citizens Financial Group, one of the largest and most established regional banks in the United States. With ±10 years of remaining primary term, zero landlord responsibilities, and scheduled rent increases—including a 5% bump in Year 6 followed by 10% increases every five years—the property offers stable, predictable income with built-in long-term growth.
Strategically positioned along Hudson Avenue, a heavily traveled north-south arterial serving Irondequoit and connecting directly to Downtown Rochester, the site benefits from strong daily traffic, dense surrounding residential neighborhoods, and proximity to major retail anchors including Wegmans, ALDI, Dollar General, and multiple national QSR brands. The combination of new construction, corporate credit, and a prime infill suburban location makes this a compelling long-term passive investment within a high-performing Upstate New York market.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
1,473 SF
Building Class
B
Year Built
2005
Price
$1,934,823 CAD
Price Per SF
$1,313.53 CAD
Cap Rate
5.50%
NOI
$106,415 CAD
Tenancy
Single
Building Height
1 Story
Lot Size
20.30 AC
Zoning
05
Frontage
52’ on Hudson Ave
Amenities
- Drive Thru
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Contacts
-
Tyler Bindi -
Jeni Tran -
Jason Fefer -
Robert Narchi -
Steve Greer -
Marcus & Millichap
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Citizens Bank | Newly Constructed | 2255 Hudson Ave
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