Single-Tenant NNN Lease | Strong Cap Rate | 293 Patriot Way

Highlights:

• Well-maintained single-tenant industrial property featuring a secure NNN lease, ensuring predictable income and minimizing the risk for the buyer.
• With a spacious 2.93-acre lot and a 43,750 square foot industrial building, there's ample room for growth and expansion.
• There are four years remaining on the current lease term, allowing total hands-off ownership for buyers and investors.
• Seconds away from Frederick Douglass Greater Rochester International Airport and minutes away from Interstate 390, providing convenience.
• Boasting one drive-in, three dock doors, and a clear height of 18', the property is perfectly suited for general industrial activities.

Description:

293 Patriot Way is the ultimate hands-off investment in an incredible location in Rochester, New York. The 43,750-square-foot building sits on a gracious 2.93 acres with plentiful parking for 100 vehicles. Built in 1969 and renovated in 1996, the single-story asset was made to last with a simple exterior. This building has an 18-foot clear height, providing ample space for industrial operations. Other features include two exterior docks, one interior dock, and one drive-in door, ensuring efficient loading and unloading capabilities. On the infrastructure side, the facility is powered by a 1,200-amp/480-volt heavy-duty supply.

The current tenant, Alco Manufacturing Corp., has historic occupancy on-site and an NNN lease term through September 30th, 2029. Alco Manufacturing Corp., founded in 1971, specializes in precision-machined components made from materials like steel, brass, and aluminum. It serves various industries and operates multiple facilities across Ohio, New York, and Michigan. Known for high-tolerance components, Alco focuses on quality, efficiency, and innovation in manufacturing. New ownership can continue to collect rent on the property and utilize the time until the completion of the lease to secure the next tenant.

Rochester, New York, offers a diverse commercial real estate market with strong opportunities in the industrial, office, and retail sectors. Known for its industrial heritage, the city is ideal for manufacturing, distribution, and logistics, thanks to its strategic location and affordable property rates. The office market is stable, with both traditional and adaptive spaces, while retail faces challenges due to e-commerce trends. Overall, Rochester provides a cost-effective environment with long-term growth potential, particularly in industrial and tech-related sectors.

293 Patriot Way is positioned within Rochester with owners and tenants in mind. The asset is directly next to Frederick Douglass Greater Rochester International Airport. Interstate 390 is just minutes away. This property maximizes same-day tasks and logistics, enhancing tenant operational capabilities. Rochester is home to major companies Kodak, Xerox, Paychex Inc., University of Rochester Medical Center, and others. 293 Patriot Way has nearby many retailers, restaurants, and conveniences, including Burger King, several hotels, Walmart Supercenter, Panera Bread, McDonald’s, Walgreens, and many more.

293 Patriot Way is the ideal investment in Rochester due to the lease's hands-off nature and incredible cash flow.

Property tours are available by appointment only, please contact the listing broker to schedule.

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