3740 Henrietta RdRochester, NY 14623

Property Details for 3740 Henrietta Rd

Year built

1980

Lot size

0.64 AC

Property size (Sq ft)

3,242 SF

Zone code

05 - COMMERCIAL

Property type

Office buildings

APN

263200 161.15-1-12

APU

26320016115112

Description

This exceptional investment opportunity presents a fully operational cannabis dispensary in Rochester, NY. Located at 3740 W Henrietta Rd, this 3,852 square foot property is priced at $950,000, which includes a Class 5 Cannabis Retailer License, all necessary local and state approvals, land use entitlements, and a long-term lease for $9,300 per month (NNN). The property boasts a convenient drive-thru for customer convenience. Situated in a high-traffic area with over 13,000 daily vehicles passing by, and serving a 5-mile population of 164,233, this location offers significant market potential. The lease includes a 5-year term with three 5-year renewal options and a 2% annual rent escalation. This turnkey operation is ready for immediate revenue generation, capitalizing on the growing demand for cannabis products in Rochester's thriving market. The property's strong location, established license, and favorable lease terms make this an exceptional investment opportunity for experienced cannabis entrepreneurs. The asking price reflects the value of the license, approvals, entitlements, and the real estate lease.

• CAP approach

  CAP return

  Valuation

  6%

  $523,529

  6.5%

  $483,257

  7%

  $448,739

• Comparable approach

  Method

  Valuation

  Relative Method

  $296,183

  Geo Method

  $203,954

• Alternative Use

  Use

  Valuation

  Residential

  $599,239

  Hospitality

  $548,900

  Educational

  $456,678

  Medical

  $472,384

  Retail

  $710,388

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.0793

Longitude

-77.6405

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].