McDonald's Drive-Through
For Sale
Contact for pricing
12755 Broadway, Alden, NY 14004
Corporate-guaranteed NNN lease, renewal increases, and a 2021 remodel support the established restaurant operation.
Property Size3,453 SF
Price / SF$412.31
Days on Market152
Property Features for 12755 Broadway
General Information
Standard status
Active
Size
3,453 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$71,185
Site & Location
Drive-Thru
Yes
Road Access
Yes
Building Details
Year Built
2000
Year Renovated
2021
Tenancy
Single
Listing Agency:
Marcus & Millichap - Los Angeles
(310) 909-5500
Listed By:
Jason Fefer · License #CA 02100489
Source:
Crexi
Added: Apr 3
Changed: Aug 31
Last Checked: Aug 25 at 7:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
This McDonald’s drive-through restaurant operates under a corporate-guaranteed NNN ground lease with approximately five years of firm term remaining. The property has operated continuously since 2000 and received a remodel in 2021. Scheduled rent increases of 10% and 15% during renewal options provide defined lease-growth terms, while the NNN structure places landlord responsibilities with the tenant.
Located at 12755 Broadway in Alden, the property fronts Broadway, identified as NY-130 and a primary east–west commercial corridor. The site serves Alden, Eastern Erie County, and the greater Buffalo metropolitan area, with nearby suburban neighborhoods, national retailers, schools, community amenities, and other commercial services. Alden is part of the Buffalo–Niagara Falls MSA, a 1.1-million-person region supported by healthcare, education, advanced manufacturing, logistics, and financial services.
Located at 12755 Broadway in Alden, the property fronts Broadway, identified as NY-130 and a primary east–west commercial corridor. The site serves Alden, Eastern Erie County, and the greater Buffalo metropolitan area, with nearby suburban neighborhoods, national retailers, schools, community amenities, and other commercial services. Alden is part of the Buffalo–Niagara Falls MSA, a 1.1-million-person region supported by healthcare, education, advanced manufacturing, logistics, and financial services.
Key Highlights
- Corporate‑guaranteed NNN ground lease with approximately five years of firm term remaining
- McDonald’s drive‑through operation at 12755 Broadway, Alden, NY 14004
- Continuous operation since 2000 with a 2021 remodel
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,581
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$831,620
$831.6K
Cap Rate 7%
$594,014
$594.0K
Cap Rate 9%
$462,011
$462.0K
Market Conditions
NOI Build-Up for 3,453 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$62.2K $18.00/SF
− Vacancy
−$6.7K −$1.94/SF
EGI
$55.4K $16.06/SF
− OpEx
−$13.9K −$4.01/SF
NOI
$41.6K $12.04/SF
Area
Erie County, NY
Vacancy
10.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$831,620
Cap Rate 7%
$594,014
Cap Rate 9%
$462,011
Alternative Uses
Best Use
Specialty Retail
$594.0K
$519.8K – $693.0K
NOI $41,581 @ 7.0% cap · market cap 2.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$754.8K
$660.5K – $880.7K
NOI $52,839 @ 7.0% cap · market cap 3.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
106
Businesses Nearby
70k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Groceries 35%
Shops & Services 24%
Tops Friendly Markets
Groceries
24,829 visits/mo
0.1 miles
McDonald's
Dining
15,070 visits/mo
0.1 miles
Tim Hortons
Dining
13,454 visits/mo
0.2 miles
Dollar Tree
Shops & Services
7,960 visits/mo
0.1 miles
Tops Gas
Shops & Services
6,465 visits/mo
0.1 miles
Demographics for 14004, NY
11,583
Population
4,386
Households
2.6
Avg Household Size
47
Median Age
22%
College-Educated
91%
High-School Grad
48.6 sq mi
ZIP Area
238
Density / Sq Mi
$88,011
Median Household Income
$51,981
Median Earnings
$754
Median Rent
$236,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Corporate-guaranteed NNN lease, renewal increases, and a 2021 remodel support the established restaurant operation.
Where is this drive through restaurant located?
The property is located at 12755 Broadway Alden, NY.
What is the asking price?
The asking price for this property is $1,423,700.
What are key features of this property?
This property features: Corporate‑guaranteed NNN ground lease with approximately five years of firm term remaining; McDonald’s drive‑through operation at 12755 Broadway, Alden, NY 14004; Continuous operation since 2000 with a 2021 remodel
