Log In/Sign Up
Your email has been sent.
Burger King 439 Central Ave 3,165 SF Retail Building Albany, NY 12206 $2,833,333 ($895.21/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Excellent Franchisee Guarantee
- Long-Term, 15-Year Absolute Triple Net (NNN) Lease
- Strong Corporate Backing
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Burger King located at 439 Central Avenue, Albany, NY 12206. The site consists of roughly 3,165 rentable square feet of building space on an estimated 0.85-acre parcel of land. This Burger King is subject to a 15-year Triple Net (NNN) lease, which commenced 8/1/2024. The current annual rent is $170,000 and has scheduled increases of 10.00% every 5 years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,165 SF
Building Class
C
Year Built/Renovated
1980/2015
Price
$2,833,333
Price Per SF
$895.21
Cap Rate
6%
NOI
$170,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.85 AC
Zoning
C3
Parking
40 Spaces (11.7 Spaces per 1,000 SF Leased)
Frontage
72’ on Central Ave
AMENITIES
- Bus Line
- Pylon Sign
- Signage
Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 010100-065-046-0001-056-000-0000 | Improvements Assessment | $755,000 |
| Land Assessment | $594,000 | Total Assessment | $1,349,000 |
PROPERTY TAXES
Parcel Number
010100-065-046-0001-056-000-0000
Land Assessment
$594,000
Improvements Assessment
$755,000
Total Assessment
$1,349,000
1 of 3
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Burger King | 439 Central Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.