701 Orchard Park Rd - Storefront FOR SALE
West Seneca, NY 14224 |
$1,890,000 USD
332-345-4222
701 Orchard Park Rd
West Seneca, NY 14224
HIGHLIGHTS
- Absolute Triple Net (NNN) Lease The subject property has about 9 years remaining on an original 10-year (NNN) lease no landlord responsibilities
- Excellent Franchisee Guarantee from Large Operator The lease is subject to a strong franchisee guarantee from Cellular Sales of Knoxville, Inc.
- Scheduled Rental Increases In 2028, the annual rent has a scheduled increase of 5%. Additionally, there are scheduled 10% increases in each option.
OVERVIEW
NNN Pro is pleased to present the exclusive listing for a Verizon
located at 701 Orchard Park Road, Buffalo, NY 14224. The site
consists of roughly 2,000 rentable square feet of building space
on an estimated 0.53-acre parcel of land. This Verizon is subject
to a 10-year Triple Net (NNN) lease, which commenced 11/1/2013.
The current annual rent is $113,400 and has scheduled increases
of 5.00% every 5 years.
FOR SALE DETAILS
PRICE
$1,890,000 USD
PRICE/SF
$945 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Verizon
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1970
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.53 AC
LAND SF
23,087 SF
ZONING
11
APN/PARCEL ID
146800-143-060-0004-010-000
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332-345-4222
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332-345-4222
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