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Key Bank Ground Lease 3030 Union Rd 4,303 SF Retail Building Orchard Park, NY 14127 $1,901,000 ($441.78/SF) 5.60% Cap Rate
Investment Highlights
- 9 Years Remaining on Absolute NNN Ground Lease, Early Lease Extension
- Strong Reported Deposits in Excess of $236 Million, Proven Location
- Branch Ranks in the Top 92nd Percentile Nationwide for KeyBank (Placer.ai)
- 10% Rent Increases Every 5 Years in Base Term and Options
- Tenant Plans on Renovating the Branch in July 2026, All-Brick Building with 3 Drive-Thru Lanes
- Investment Grade Credit Tenant (BBB+ by S&P), 950+ Locations and $11.2 Billion in Revenue
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
4,303 SF
Building Class
C
Year Built
2009
Price
$1,901,000
Price Per SF
$441.78
Cap Rate
5.60%
NOI
$106,480
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.85 AC
Zoning
B2
Parking
30 Spaces (6.97 Spaces per 1,000 SF Leased)
Frontage
81’ on Union Road
Amenities
- Pylon Sign
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 146089-152-120-0002-003-100 | Improvements Assessment | $368,250 |
| Land Assessment | $107,000 | Total Assessment | $475,250 |
Property Taxes
Parcel Number
146089-152-120-0002-003-100
Land Assessment
$107,000
Improvements Assessment
$368,250
Total Assessment
$475,250
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Key Bank Ground Lease | 3030 Union Rd
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