3251 Harlem Rd | Cheektowaga, NY 14225
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3251 Harlem Rd
Cheektowaga, NY 14225
Abs. NNN Valvoline - 15.5+ Yrs & Annual Bumps · Retail Property For Sale
Investment Highlights
- • Ideal, Zero Management Asset for Passive Investor: Absolute NNN Lease with 1.8% Annual Rental Increases
- • "Essential Business" with no Covid Concessions - Low Price Point - No Management Responsibilities: Tenant Handles ALL Expenses Directly
- • Valvoline (NYSE: VVV/S&P BB/Moody’s Ba2) - Market Leader in Premium Branded Lubricants & Automotive Services: Established in 1866 - 1,400 Locations
- • Established Location with 15.5 Years of Term Remaining: Strong Operator with Over 30 Years of Experience Operating Locations Across the Country
- • Original Tenant to the Property with Multiple Lease Renewals and Extensions, Showing Success and Commitment to the Location
- • Strong Demographics: Buffalo’s 2nd Largest Suburb: Average Household Incomes $73,100+ & High Population Density of 336,368 Residents Within 5 Miles
Property Facts
Property Type
Retail
Property Subtype
Building Size
2,074 SF
Building Class
C
Year Built/Renovated
1955/2007
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.40 AC
Zoning
05C
Parking
8 Spaces (3.83 Spaces per 1,000 SF Leased)
Frontage
62’ on Harlem Rd
Amenities
- Bus Line
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 143089-091-090-0006-001-000 | Improvements Assessment | $490,000 |
| Land Assessment | $90,000 | Total Assessment | $580,000 |
Property Taxes
Parcel Number
143089-091-090-0006-001-000
Land Assessment
$90,000
Improvements Assessment
$490,000
Total Assessment
$580,000
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