M&T Bank

3165 Latta Road, Rochester, NY
Deal Type:
Net Lease
Price:
$3,509,564
Cap Rate:
5.50%
Current Rent:
$193,026
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 10 years
Building Sq. Ft.:
4,000
Site Size:
1.04
  • m&t bank stream capital partners
  • m&t bank stream capital partners

Investment Highlights

  • Under market rent
  • Absolute NNN ground lease guaranteed by M&T Bank (S&P Rating: A-)
  • Tenant highly committed to site – Early 10 year extension commencing July 2020
  • Long-term operational history at current location – Over 30 years
  • Excellent deposits – $88,000,000+ in 2019
  • Located directly adjacent to Wegmans anchored center and out-parcel to Aldi

Listing Agents

Phil DiGennaro

Managing Director
203 610 1541
phil@stream-cp.com

Connor Shell

Managing Director
407 913 9009
connor@stream-cp.com

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