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4099 Seneca St
West Seneca, NY 14224
Retail Property For Sale
Investment Highlights
- Established Tenant – Bank of America
- Corporate Guarantee by Bank of America
- Long-Term NNN Lease
- High-Traffic Location
Executive Summary
Surmount is pleased to present the exclusive listing for a Bank of America located at 4099 Seneca St, Buffalo, NY 14224. The site consists of roughly 500 rentable square feet of building space on an estimated 0.41-acre parcel of land. This Bank of America is subject to a 9-year Triple Net (NNN) lease, which commenced 2/7/2020. The current annual net operating income is $27,940 and has a scheduled rental increase of 5% in May 2027.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
500 SF
Building Class
C
Year Built
1991
Price
$520,429 CAD
Price Per SF
$1,040.86 CAD
Cap Rate
7.45%
NOI
$38,775 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.41 AC
Frontage
100’ on SENECA ST
Amenities
- Drive Thru
Property Taxes
| Parcel Number | 146800-143-080-0005-003-100 | Improvements Assessment | $56,181 CAD |
| Land Assessment | $54,413 CAD | Total Assessment | $110,594 CAD |
Property Taxes
Parcel Number
146800-143-080-0005-003-100
Land Assessment
$54,413 CAD
Improvements Assessment
$56,181 CAD
Total Assessment
$110,594 CAD
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