550 Main StRochester, NY 14604

For Sale
$1,890,000

High-yield NNN investment, 3 tenants, 43 parking spaces.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a fully leased, three-tenant office building situated at 550 East Main Street in Rochester, New York. The property boasts a strong 8.23% capitalization rate and a substantial net operating income (NOI) of $155,609. The building, a two-story structure with a finished lower level, sits on a 0.45-acre lot and includes ample parking with 43 spaces. All three tenants are under triple net (NNN) leases, minimizing landlord responsibilities and maximizing return. The building is currently 100% occupied, providing immediate cash flow. Each tenant space has undergone recent renovations or build-outs, ensuring modern and attractive office environments. The property's prime location within Rochester's East Avenue Corridor and its proximity to the Inner Loop Redevelopment Project offer significant long-term growth potential. Rent bumps are included in the lease agreements, further enhancing the investment's profitability. This is a rare opportunity to acquire a stable, high-performing commercial property in a desirable location. The asking price is $1,890,000.

Highlights

  • $1,890,000 Asking Price
  • Fully Leased, Multi-Tenant Office Building
  • 8.23% Cap Rate, $155,609 NOI
  • Triple Net (NNN) Leases with Rent Bumps
  • Three Tenants, 100% Occupancy, 43 Parking Spaces

Location Insight

City
Rochester
County
Monroe
State
New York
Latitude
43.1592926
Longitude
-77.5978508
550 Main St, Rochester, New York

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550 Main St
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