911 Jefferson RdRochester, NY 14623

This exceptional investment opportunity presents a brand-new, 15-year absolute NNN ground lease for a Shake Shack restaurant located at 911 Jefferson Rd, Rochester, NY 14623. The property, built in 2024, boasts 3,500 square feet on a 1.13-acre lot and includes 38 parking spaces. This is New York's first free-standing Shake Shack location, operating as a high-volume, double drive-thru establishment. The lease commenced May 31, 2024, and expires May 31, 2039, offering a remaining term of 14.5 years. The asking price is $5,100,000, representing a 5.00% cap rate and a price per square foot of $1,457.14. The property benefits from a strong corporate guarantee and features 10% rental increases every 5 years, providing significant long-term growth potential. The property enjoys an excellent location as an outparcel to a new Hobby Lobby, situated at a signalized intersection with high traffic volume (44,000 vehicles per day) and proximity to I-390 (84,800 VPD). The surrounding area includes numerous retail developments, including Panera, a new strip center, Market Square, South Town Plaza, and The Marketplace Mall. Furthermore, the property benefits from its proximity to Rochester Institute of Technology and Monroe Community College, serving a large population base with a high average household income ($95,820) within a 5-mile radius. The property's NOI is $255,000, and the lease includes four 5-year renewal options. The APN is 263200 162.09-1-4. This is a rare opportunity to acquire a high-performing, long-term investment in a prime retail location.