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Burger King 4199 Union Rd 2,809 SF Retail Building Cheektowaga, NY 14225 $1,833,000 ($652.55/SF) 6.05% Cap Rate
Investment Highlights
- Upcoming Rental Increase
- Long-Term Lease in Place
- Adjacent to Buffalo Niagara International Airport (BUF)
- Strong Academic Presence
Executive Summary
Surmount is pleased to present the exclusive listing for a Burger King located at 4199 Union Road, Cheektowaga, NY 14225. The site consists of roughly 2,809 rentable square feet of building space on an estimated .69-acre parcel of land. Burger King is subject to a 20.03-year Triple Net (NNN) lease, which commenced 12/26/2013. The current annual rent is $110,898 and has scheduled increases of 1.00% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,809 SF
Building Class
C
Year Built
2006
Price
$1,833,000
Price Per SF
$652.55
Cap Rate
6.05%
NOI
$110,899
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.69 AC
Zoning
05C - Commerical
Frontage
148’ on Union Rd
Amenities
- Pylon Sign
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 143089-091-160-0002-057-000 | Improvements Assessment | $525,000 |
| Land Assessment | $225,000 | Total Assessment | $750,000 |
Property Taxes
Parcel Number
143089-091-160-0002-057-000
Land Assessment
$225,000
Improvements Assessment
$525,000
Total Assessment
$750,000
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