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2078 Niagara St
Buffalo, NY 14207
7-Eleven | 11-Year NNN · Retail Property For Sale
PROPERTY FACTS
ABOUT 2078 NIAGARA ST , BUFFALO, NY 14207
Marcus & Millichap, on behalf of ownership, is pleased to exclusively offer the fee simple interest in this 7-Eleven Convenience Store located in Buffalo, New York. The Tenant, 7-Eleven, Inc., has new 11 years remaining on their absolute NNN lease. This is a long-established 7-Eleven location as the tenant has operated here since 1985, and recently exercised a 10-year extension through 2030. The lease features attractive rental increases of 10 percent every five years during the base term and three, five-year option periods. The fee-simple nature of the lease allows an investor the ability to depreciate the improvements which is increasingly rare on small price point deals such as this. The lease is corporately guaranteed by 7-Eleven, Inc., the world’s leading convenience store with an investment-grade credit rating of “AA-” by Standard & Poor’s.
PROPERTY TAXES
| Parcel Number | 140200-088-240-0002-001-100 | Improvements Assessment | $308,100 |
| Land Assessment | $17,900 | Total Assessment | $326,000 |
PROPERTY TAXES
