SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, M&T Bank investment property located in Utica, NY. The tenant recently exercised their first of 2 option periods, providing firm term through September 2029, demonstrating their commitment to the site. The lease features an 8% rental increase at the beginning of the next option, growing NOI and hedging against inflation. The lease is guaranteed by the corporate entity (NYSE: MTB | S&P: BBB+) and is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Founded in 1856, M&T Bank is an established financial holding company with over 1,400 locations throughout the Northeastern U.S. According to the FDIC, this branch has over $91.2 million in deposits as of June 2024.