Verizon | 701 Orchard Park Rd
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Verizon 701 Orchard Park Rd
2,000 SF Retail Building West Seneca, NY 14224 $1,890,000 ($945/SF) 6% Cap Rate
Investment Highlights
- Absolute Triple Net (NNN) Lease The subject property has about 9 years remaining on an original 10-year (NNN) lease no landlord responsibilities
- Scheduled Rental Increases In 2028, the annual rent has a scheduled increase of 5%. Additionally, there are scheduled 10% increases in each option.
- Excellent Franchisee Guarantee from Large Operator The lease is subject to a strong franchisee guarantee from Cellular Sales of Knoxville, Inc.
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Verizon
located at 701 Orchard Park Road, Buffalo, NY 14224. The site
consists of roughly 2,000 rentable square feet of building space
on an estimated 0.53-acre parcel of land. This Verizon is subject
to a 10-year Triple Net (NNN) lease, which commenced 11/1/2013.
The current annual rent is $113,400 and has scheduled increases
of 5.00% every 5 years.
located at 701 Orchard Park Road, Buffalo, NY 14224. The site
consists of roughly 2,000 rentable square feet of building space
on an estimated 0.53-acre parcel of land. This Verizon is subject
to a 10-year Triple Net (NNN) lease, which commenced 11/1/2013.
The current annual rent is $113,400 and has scheduled increases
of 5.00% every 5 years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
2,000 SF
Building Class
C
Year Built/Renovated
1970/2013
Price
$1,890,000
Price Per SF
$945
Cap Rate
6%
NOI
$113,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Land Acres
0.53 AC
Zoning
11
PROPERTY TAXES
| Parcel Number | 146800-143-060-0004-010-000 | Improvements Assessment | $87,900 |
| Land Assessment | $62,300 | Total Assessment | $150,200 |
PROPERTY TAXES
Parcel Number
146800-143-060-0004-010-000
Land Assessment
$62,300
Improvements Assessment
$87,900
Total Assessment
$150,200
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Power Broker Glen Kunofsky -
Anthony Bird -
NNN Pro Group
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Verizon | 701 Orchard Park Rd
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