4186 Buffalo Rd - Fast Food FOR SALE


Erie, PA 16510
$2,050,000 USD
310-750-7175
4186 Buffalo Rd, Erie, PA for Sale
$2,050,000 USD
Fast Food - FOR SALE
1/5
null | 5.42% Cap Rate

4186 Buffalo Rd
Erie, PA 16510


HIGHLIGHTS

  • Corporate Absolute NNN lease, 30+ year seasoned location
  • Relatively low basis for corporately guaranteed net lease asset
  • Located on a highly trafficked thoroughfare surrounded by National credit tenants; 30+ national tenants within a 3-mile radius
  • 1.4 miles to GE Transportation which operates a substantial freight network (with over 23,000 locomotives globally)
  • Strong demographics: 95,438 residents and 36,617 households; Significant traffic volume of 13,890 vehicles per day
  • The Wendy's Company (NASDAQ: WEN) has over 7,000 locations worldwide; Operating continuously for 55 years

OVERVIEW

Century Partners is pleased to present the opportunity to acquire a highly seasoned corporate Wendy’s Drive-Thru located on a prime thoroughfare of Erie, Pennsylvania. This property is secured by a lease guaranteed by The Wendy's Company (NASDAQ: WEN) and has been a legacy Wendy's location for over 30 years. The absolute net lease provides a highly passive investment wherein the tenant covers all expenses. Situated on 42,301 SF 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

$2,050,000 USD

PRICE/SF

$926 USD /SF

CAP RATE

5.42%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wendy’s | Corporately Guaranteed

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

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

Kyle GulockCentury Partners Real Estate Inc.More Info
310-750-7175

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Kyle GulockCentury Partners Real Estate Inc.More Info
310-750-7175

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.