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270 E Fairmount Ave
Lakewood, NY 14750
KFC · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • 18+ Years Remaining on a Triple-Net (NNN) Lease with Zero Landlord Responsibilities
  • Attractive Rental Increases: 10% Every Five Years
  • Franchisee Guarantee | Charter Foods, Inc. (200+ Unit Operator)
  • Tenant Displaying Long Term Commitment to the Site |Tenant Recently Extended the Lease to 20 Years and Commenced on a Substantial +/- $500,000 Remodel
  • One (1), Five (5)-Year Option and One (1) Four (4)-Year, Eleven (11)-Month Option
  • Affluent Suburban Community | Average Household Income Exceeds $70,000 for Homes within Three Miles of the Subject Property

PROPERTY FACTS

Property Type
Retail
Property Subtype
Fast Food
Building Size
3,295 SF
Building Class
C
Year Built/Renovated
2000/2020
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.70 AC
Zoning
05
Frontage
135’ on Fairmount Ave

ABOUT 270 E FAIRMOUNT AVE , LAKEWOOD, NY 14750

This KFC property is located at 270 East Fairmount Avenue in Lakewood, New York. The property benefits from excellent frontage along East Fairmont Avenue (NY-394), which provides direct access into downtown Jamestown, the largest city in Chautauqua County, New York. The subject property is strategically positioned in a highly dense retail corridor that features a healthy mix of local and national retailers, shopping centers and academic institutions, all within close proximity of the site. Major national tenants in the immediate area include: Walmart, Home Depot, Aldi, OfficeMax, JCPenney, McDonald’s, Burger King, Panera Bread, Taco Bell, Wendy’s, Dollar Tree, Rite Aid, Starbucks, Arby’s, Domino’s and many more. This KFC is within walking distance of Chautauqua Mall, a regional shopping mall with approximately 45 stores consisting of shopping options, dining, entertainment and more. Multiple academic institutions are located within a one-mile radius of the subject property, including Southwest Elementary School and Southwest High School. Together these schools boast a total combined enrollment exceeding 1,000 students. The subject property additionally benefits from its immediate access to healthcare, being located within four miles of UPMC Chautauqua, a 317-licensed bed medical facility that serves Lakewood and the surrounding areas. There are more than 14,000 individuals that reside within a three-mile radius of the subject property and more than 43,000 individuals that reside within a five-mile radius. Average household income exceeds $70,000 for homes within three miles of the subject property. Lakewood is located directly west of Jamestown, New York, an economically sound and vibrant community serving as the industrial, commercial, financial and recreational hub of Southwestern New York. As the center of a metropolitan area of more than 70,000 residents and a market area of nearly 175,000 people, Jamestown supports a broad diversity of industry, modern commercial establishments and financial institutions, and provides a myriad of cultural and recreational opportunities for the city’s residents. Jamestown’s “balanced community living” reflects the commitment of both public and private sector forces to provide the highest quality of life possible.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
062201-385-012-0004-001-000
Land Assessment
$290,000
Improvements Assessment
$310,000
Total Assessment
$600,000
  • Listing ID: 18140306

  • Date on Market: 1/9/2020

  • Last Updated:

  • Address: 270 E Fairmount Ave, Lakewood, NY 14750

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