811 Jefferson RdRochester, NY 14623

Property Details for 811 Jefferson Rd

Year built

2020

Lot size

3.87 AC

Property size (Sq ft)

55,832 SF

Zone code

05 - COMMERCIAL

Property type

Retail properties

Property subtype

Super regional malls

APN

263200 162.09-1-3.112

APU

2632001620913112

Description

This exceptional investment opportunity presents a brand new, 4,600 square foot Panera Bread restaurant located at 811 Jefferson Rd, Rochester, NY 14623. Situated on a 0.814-acre lot, this property boasts a prime location within a dense retail corridor, benefiting from high visibility and traffic counts exceeding 29,900 vehicles daily. The building, constructed in 2023, is an outparcel of a new Hobby Lobby and is surrounded by other major retailers including Home Depot, PetSmart, Chick-fil-A, Aldi, Burlington, and Dick's Sporting Goods. This single-tenant, net-leased property offers a secure investment with a corporate guarantee from Panera Bread, a leading fast-casual restaurant chain with over 2,100 locations. The lease features a 15-year initial term with 10% rent bumps every five years, and includes four, five-year renewal options. The asking price is $4,784,000, representing a price per square foot of $1,040 and a 5.00% cap rate. The property currently generates a net operating income (NOI) of $239,200, with 100% occupancy. This is a rare opportunity to acquire a high-quality, passively managed investment with a strong tenant and significant upside potential. The property offers limited landlord responsibilities, making it an ideal addition to any investment portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $13,253,421

  6.5%

  $12,233,927

  7%

  $11,360,075

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,853,789

  Geo Method

  $8,851,226

• Alternative Use

  Use

  Valuation

  Residential

  $10,319,775

  Hospitality

  $9,452,859

  Educational

  $7,864,668

  Medical

  $8,135,146

  Retail

  $12,233,927

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.0857

Longitude

-77.6203

CBSA code

40380

CBSA name

ROCHESTER, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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