15 Cook DrRochester, NY 14623

For Sale
$7,700,000

Rochester, NY: Last-Mile Logistics Hub

Overview

Added:
Dec 11, 2024
Days on market:
92
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.

Highlights

  • 7-year NNN lease remaining with minimal landlord responsibilities and 2% annual rent increases.
  • New roof installed April 2021, 30-year transferable warranty.
  • Excellent location: 5.8 miles from Downtown Rochester, NY, in a growing logistics hub near major retail, I-390, and I-90 interchange.
  • High traffic counts: 21,600+ VPD on Henrietta Road and 62,400+ VPD on I-390.

Property Details for 15 Cook Dr

Property type
Other industrial properties, Distribution properties
Square Feet
50,000 SF
Class
A
Year Built
2021
Buildings
1
Stories
1
Lot Size (sq. ft)
264,409 SF
Units
1

Location Insight

City
Rochester
County
Monroe
State
New York
Latitude
43.08240396
Longitude
-77.64133885
15 Cook Dr, Rochester, New York

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15 Cook Dr
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