About This Restaurant
Investment Highlights
Long-term Triple-Net Lease with Zero Landlord Responsibility 9+ Years Remaining on the Lease With One Percent (1%) Annual Increases High Performing Location According to Placer.Ai Ranked in the Top 88th Percentile of all Burger Kings on Placer.Ai. *Data provided by Placer Labs Inc Corporate Guarantee Guaranteed by Carrols, LLC, The Largest Burger King Franchisee With Over 1,110 Units
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Burger King located at 4199 Union Rd, Cheektowaga, NY 14225. The site consists of roughly 2,809 rentable square feet of building space on an estimated 0.85-acre parcel of land. This Burger King is subject to a 20-year Triple Net (NNN) lease, which commenced 12/26/2013. The current annual rent is $109,801 and is scheduled to increase by 1.00% Annually.
Property Details
- Sale Type Investment NNN
- Sale Condition Building in Shell Condition
- Property Type Retail
- Property Subtype Fast Food
- Building Size 2,809
- Building Class C
- Year Built/Renovated 2006/2010
- Price 1,756,808
- Price Per SF 625
- Cap Rate 6.25
- NOI 109,801
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.08
- Land Acres 0.85 AC
Amenities
- Pylon Sign
- Drive Thru
Nearby Amenities & Transportation
| Retail | Tim Hortons | ||
| Retail | Cross Fit Buffalo | ||
| Retail | Citizens Bank | ||
| Retail | Tops Friendly Markets | ||
| Retail | Rent-A-Center | ||
| Retail | Salsarita's | ||
| Retail | WW | ||
| Retail | LA Fitness | ||
| Retail | Texas Roadhouse | ||
| Retail | Five Guys |
Property Taxes
| Parcel Number | 143089-091-160-0002-057-000 | Improvements Assessment | $225,000 |
| Land Assessment | $525,000 | Total Assessment | $750,000 |
| Date Created: | 2024-07-16 04:18:00 | Last Updated: | 2024-07-16 04:18:00 |
| Address: | 4199 Union Rd , Cheektowaga, New York, 14225 | ||