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4099 Seneca St 500 SF Retail Building West Seneca, NY 14224 $375,000 ($750/SF) 7.45% Cap Rate
INVESTMENT HIGHLIGHTS
- Established Tenant – Bank of America
- Corporate Guarantee by Bank of America
- Long-Term NNN Lease
- High-Traffic Location
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Bank of America located at 4099 Seneca St, Buffalo, NY 14224. The site consists of roughly 500 rentable square feet of building space on an estimated 0.41-acre parcel of land. This Bank of America is subject to a 9-year Triple Net (NNN) lease, which commenced 2/7/2020. The current annual net operating income is $27,940 and has a scheduled rental increase of 5% in May 2027.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
500 SF
Building Class
C
Year Built
1991
Price
$375,000
Price Per SF
$750
Cap Rate
7.45%
NOI
$27,940
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.41 AC
Frontage
100’ on SENECA ST
AMENITIES
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 146800-143-080-0005-003-100 | Improvements Assessment | $41,300 |
| Land Assessment | $40,000 | Total Assessment | $81,300 |
PROPERTY TAXES
Parcel Number
146800-143-080-0005-003-100
Land Assessment
$40,000
Improvements Assessment
$41,300
Total Assessment
$81,300
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4099 Seneca St
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