1155 Ridge Rd, Webster, NY 14580
The subject property is a Canandaigua National Bank & Trust located at 1155 Ridge Road in Webster, New York. The 3,168 square foot building is located on 1.08 acres of land on the corner of Ridge Road and Jackson Road. The tenant operates on an absolute NNN ground lease, which they just extended for an additional 15 years through 2035. The tenant also has three five-year options to extend the lease with rental increases every five years. This is an absolute NNN ground lease meaning the landlord has no responsibilities, making this the perfect property for an investor looking for a stable asset with zero responsibility. The property is located on Ridge Road (Route 404), which has an average traffic count of over 16,500 vehicles per day. Right across the street from the bank is a Wegmans anchored shopping center, which also includes a Hobby Lobby. Less than half a mile from the property is a 650,000+ square foot shopping center including Kohl’s, HomeGoods, Michaels, TJ Maxx, Target, Dick’s Sporting Goods, LA Fitness, Buffalo Wild Wings, Sally Beauty, Panera Bread, Five Guys, and more. Route 104 is less than one mile from the property and has an average daily traffic count over 48,000. Canandaigua National Bank & Trust is located roughly 12 miles from downtown Rochester, New York. Other retailers in the area include Walgreens, McDonald’s, AutoZone, Chase Bank, Sherwin Williams, Savers, Starbucks, Wendy’s, and more.
The subject property is a Canandaigua National Bank & Trust located at 1155 Ridge Road in Webster, New York. The 3,168 square foot building is located on 1.08 acres of land on the corner of Ridge Road and Jackson Road. The tenant operates on an absolute NNN ground lease, which they just extended for an additional 15 years through 2035. The tenant also has three five-year options to extend the lease with rental increases every five years. This is an absolute NNN ground lease meaning the landlord has no responsibilities, making this the perfect property for an investor looking for a stable asset with zero responsibility. The property is located on Ridge Road (Route 404), which has an average traffic count of over 16,500 vehicles per day. Right across the street from the bank is a Wegmans anchored shopping center, which also includes a Hobby Lobby. Less than half a mile from the property is a 650,000+ square foot shopping center including Kohl’s, HomeGoods, Michaels, TJ Maxx, Target, Dick’s Sporting Goods, LA Fitness, Buffalo Wild Wings, Sally Beauty, Panera Bread, Five Guys, and more. Route 104 is less than one mile from the property and has an average daily traffic count over 48,000. Canandaigua National Bank & Trust is located roughly 12 miles from downtown Rochester, New York. Other retailers in the area include Walgreens, McDonald’s, AutoZone, Chase Bank, Sherwin Williams, Savers, Starbucks, Wendy’s, and more.
