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4099 Seneca St 500 SF Retail Building West Seneca, NY 14224 $518,771 CAD ($1,037.54 CAD/SF) 7.45% Cap Rate
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
$518,771 CAD
Price Per SF
$1,037.54 CAD
Cap Rate
7.45%
NOI
$38,652 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.41 AC
Frontage
100’ on SENECA ST
AMENITIES
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 146800-143-080-0005-003-100 | Improvements Assessment | $57,134 CAD |
| Land Assessment | $55,336 CAD | Total Assessment | $112,470 CAD |
PROPERTY TAXES
Parcel Number
146800-143-080-0005-003-100
Land Assessment
$55,336 CAD
Improvements Assessment
$57,134 CAD
Total Assessment
$112,470 CAD
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4099 Seneca St
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