4186 Buffalo Rd - Fast Food FOR SALE
Erie, PA 16510 |
$2,117,466 USD
310-362-4303
4186 Buffalo Rd
Erie, PA 16510
HIGHLIGHTS
- Lease guaranteed by The Wendy's Company, NASDAQ Ticker: WEN; Legacy Wendy's that has been in operation for 30+ years
- Absolute Net Lease with all expenses paid for by tenant; Property is situated on 42,301 square feet of land on a busy retail corridor
- Relatively low basis for corporately guaranteed net lease asset; Located on a highly trafficked thoroughfare surrounded by National credit tenants
- 1.4 miles to GE Transportation which operates a substantial freight network (with over 23,000 locomotives globally)
- 30+ national tenants within a 3-mile radius; Strong demographics: 95,438 residents and 36,617 households; Significant traffic volume of 13,890 VPD
- The Wendy's Company (NASDAQ: WEN) has 7,200 locations worldwide; Operating continuously for 55 years
OVERVIEW
Corporately Guaranteed Wendy’s in Erie, PA - This property is backed by a lease guaranteed by The Wendy's Company (NASDAQ: WEN) and has been a legacy Wendy's location for over 30 years. It features an absolute net lease, meaning the tenant covers all expenses. Situated on 42,301 square feet of land in a busy retail corridor, the property offers a relatively low basis for a corporately guaranteed net lease asset.
FOR SALE DETAILS
PRICE
$2,117,466 USD
PRICE/SF
$956 USD /SF
CAP RATE
5.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Wendy's Erie, PA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1977
SPRINKLERS
-
PARKING SPACES
35
LAND DETAILS
LAND ACRES
0.97 AC
LAND SF
42,301 SF
ZONING
AB3
APN/PARCEL ID
27-051-150.0-011.05
ASK ABOUT THIS PROPERTY
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310-362-4303
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310-362-4303
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