2860 Union Rd 3,400 SF Flex Building Cheektowaga, NY 14227 $585,000 ($172.06/SF) 8% Cap Rate

Great opportunity for a turn key Steel building constructed in 2022, fully leased 3500 sqft with an excellent 8% cap rate return on investment. Features a full NNN lease where the tenant covers all expenses. Equipped with radiant floor heating, 18-foot ceilings, and a 14-foot overhead door. Includes a steel roof, expansion potential, and a lot accommodating 20+ cars with easy loading/unloading access. Underground electric service (200 amps), LED lighting, and a spacious 20x48 storage loft (not counted in Sqft). NOI $46,800 per year. Tenant has 20 months remaining on his initial lease (11/27) and does have 2 five years options to extend. The base rent goes up to $4,100 per month when he renews the lease. As of now he has indicated that he will be using that option and extending for 5 years. Building cost $550,000 to construct in 2022. Tenant pays all expenses directly nothing is amortized in lease, landlord just receives $3,900 every month and annual receipts that taxes and insurance are paid. Great investment.