Burger King 4228 Bolivar Rd

4228 Bolivar Rd , Wellsville, New York, 14895 | 2,724 sq.f | $ 1,722,583

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About This Restaurant

Investment Highlights

Committed Tenant | Recently Extended the Base Term | ~19 Years Remaining Triple Net (NNN) Lease with Zero Landlord Responsibilities Long Operating History at this Location | Site has Been a Burger King Since 1989

Executive Summary

NNN Pro Group is pleased to present the exclusive listing for the Burger King located at 4228 Bolivar Road, Wellsville, NY. The site consists of roughly 2,724 rentable square feet of building space on an estimated 0.89-acre parcel of land. This Burger King benefits from a recently extended Triple-Net (NNN) lease with 19 years remaining on the base term. This asset requires zero landlord responsibilities. The amended lease commenced on December 30, 2022, and is subject to five (5), five (5)- year tenant renewal options. The annual rent is $103,355 and is scheduled to increase by one percent (1.00%) annually starting in January of 2029 and continuing into the option periods.

Property Details

  • Sale Type    Investment NNN
  • Property Type    Retail
  • Property Subtype    Fast Food
  • Building Size    2,724
  • Building Class    C
  • Year Built    1989
  • Price    1,722,583
  • Price Per SF    632
  • Cap Rate    6
  • NOI    103,355
  • Percent Leased    100
  • Tenancy    Multiple
  • Building Height    1 Story
  • Building FAR    0.07
  • Land Acres    0.89 AC

Property Taxes

Parcel Number 027089-225-000-0003-035-022-0000 Improvements Assessment $75,000
Land Assessment $470,000 Total Assessment $545,000
Date Created: 2024-07-16 04:18:01 Last Updated: 2024-07-16 04:18:01
Address: 4228 Bolivar Rd , Wellsville, New York, 14895