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1400 Miracle Mile Dr
Henrietta, NY 14623
M&T Bank · Retail Property For Sale


Investment Highlights
- Attractive Rent Increases
- Zero Landlord Responsibilities
- Strong Credit Tenant
- Corporate Guaranteed Lease
- Strategic Retail Location
- Strong Demographics
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a corporate leased M&T Bank Ground Lease located at 1400 Miracle Mile Drive in Rochester, NY (the “Property”). M&T Bank has been at the Property since its construction in 1983, and recently extended their lease (2+ years early) demonstrating their commitment to the site and the market. M&T Bank has 9+ years remaining on their lease with two (2) 5-year renewal options. The lease features attractive 5% rental increases at the start of each renewal option period. The Property features 2,542 square feet of building area and is situated on a 1.48- acre parcel. M&T Bank is located along Miracle Mile Drive, a well-established commercial corridor in Rochester, New York, offering strong visibility and convenient access within a dense Monroe County retail market. The Property is situated near signalized intersections and in close proximity to a mix of national retailers, local businesses, service providers, and dining options that contribute to consistent daily traffic and consumer draw. Surrounded by mature residential neighborhoods and nearby employment centers, the site benefits from a stable and diverse customer base. The Property provides efficient access to Monroe Avenue (NY Route 31) and Interstate 590, with Interstate 390 and Interstate 490 located nearby, allowing for direct connectivity throughout the Rochester metropolitan area and the broader Finger Lakes region.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,542 SF
Building Class
B
Year Built
1983
Price
$2,320,000
Price Per SF
$912.67
Cap Rate
6.25%
NOI
$145,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.48 AC
Zoning
05
Frontage
52’ on Miracle Mile Dr
Amenities
- Bus Line
- Dedicated Turn Lane
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 263200 161.12-1-1.111 | Improvements Assessment | $11,861,900 |
| Land Assessment | $2,138,100 | Total Assessment | $14,000,000 |
Property Taxes
Parcel Number
263200 161.12-1-1.111
Land Assessment
$2,138,100
Improvements Assessment
$11,861,900
Total Assessment
$14,000,000
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