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Checkers 2374 Niagara Falls Blvd 1,365 SF Retail Building Tonawanda, NY 14150 $1,667,988 CAD ($1,221.97 CAD/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- New 15-Year NNN Lease With 10% Rental Increases Every 5 Years and in Each of Four, 5-Year Renewal Options | No Landlord Responsibilities
- Lease is Franchisee Guaranteed by a Strong, Award Winning Operator With a Long Operating History | Store Sales Are Significantly Above Average
- Property Features Three Points of Ingress and Egress, a Digital Pylon Sign and a Large Parking Lot With 26 Spaces
- Rent Set At 5 Year Average Rent to Sales Ratio of 6% | Ranked in the Top 9% of Checkers Locations Nationwide for Site Visits According to Placer.AI
- Property Features Rare Indoor Dining Area, Outdoor Seating and Drive Thru Window | 1,365-SF on a +/-0.45 Acre Parcel
- Corner Location With Strong Visibility Along Niagara Falls Blvd, Seeing 33,400+ Vehicles Per day
EXECUTIVE SUMMARY
New 15-Year NNN Lease With 10% Rental Increases Every 5 Years | Buffalo-Niagara Falls MSA
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,365 SF
Building Class
C
Year Built
1964
Price
$1,667,988 CAD
Price Per SF
$1,221.97 CAD
Cap Rate
6.75%
NOI
$112,589 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.45 AC
Zoning
GB
Parking
30 Spaces (21.98 Spaces per 1,000 SF Leased)
Frontage
50’ on Niagara Falls Blvd
AMENITIES
- Pylon Sign
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 146489-040-470-0003-013-000 | Improvements Assessment | $172,373 CAD |
| Land Assessment | $168,236 CAD | Total Assessment | $340,608 CAD |
PROPERTY TAXES
Parcel Number
146489-040-470-0003-013-000
Land Assessment
$168,236 CAD
Improvements Assessment
$172,373 CAD
Total Assessment
$340,608 CAD
CONTACTS
-
Darpan Patel -
Dan Yozwiak -
Quinn Ryan -
John Catanzarite -
Sam Elyassaki -
Peter Sibicky -
John Horowitz -
Marcus & Millichap
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Checkers | 2374 Niagara Falls Blvd
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