Tim Hortons | 1137 Bailey Ave
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Tim Hortons 1137 Bailey Ave
2,200 SF Retail Building Buffalo, NY 14206 $1,200,000 ($545/SF) 6.54% Cap Rate
Investment Highlights
- 2,200 SF Single Tenant Tim Horton's w/ Drive-Thru Situated on .34 Acres
- Tim Horton's Renewed For An Additional 10 Years Commencing January 2020
- Ground Lease - No Landlord Responsibilities
- Long Term Occupancy 38+ Years | Recent Renovation Showing Tenants Commitment To Location
- Located On Signalized Hard Corner w/ Multiple Points of Ingress & Egress | Strong Traffic Counts
- Excellent Location Surrounded By Residential, Office & Industrial
Executive Summary
2,200 SF Single Tenant Tim Horton's w/ Drive-Thru Situated on .34 Acres
Long Term Occupancy 38+ Years | Recent Renovation Showing Tenants Commitment To Location
Tim Horton's Renewed For An Additional 10 Years Commencing January 2020
Located On Signalized Hard Corner w/ Multiple Points of Ingress & Egress | Strong Traffic Counts
Ground Lease - No Landlord Responsibilities
Excellent Location Surrounded By Residential, Office & Industrial
Five Mile Population Exceeds: 320,000
Five Mile Average Household Income: $53,204
Long Term Occupancy 38+ Years | Recent Renovation Showing Tenants Commitment To Location
Tim Horton's Renewed For An Additional 10 Years Commencing January 2020
Located On Signalized Hard Corner w/ Multiple Points of Ingress & Egress | Strong Traffic Counts
Ground Lease - No Landlord Responsibilities
Excellent Location Surrounded By Residential, Office & Industrial
Five Mile Population Exceeds: 320,000
Five Mile Average Household Income: $53,204
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,200 SF
Building Class
C
Year Built/Renovated
1986/2019
Price
$1,200,000
Price Per SF
$545
Cap Rate
6.54%
NOI
$78,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.34 AC
Zoning
D-S
Parking
20 Spaces (9.09 Spaces per 1,000 SF Leased)
Frontage
62 FT on Bailey Ave
Amenities
- Pylon Sign
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 140200-112-570-0003-024-100 | Improvements Assessment | $538,400 |
| Land Assessment | $41,600 | Total Assessment | $580,000 |
PROPERTY TAXES
Parcel Number
140200-112-570-0003-024-100
Land Assessment
$41,600
Improvements Assessment
$538,400
Total Assessment
$580,000
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Tim Hortons | 1137 Bailey Ave
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