Taco Bell Absolute NNN
For Sale
Contact for pricing
Pending
1602 State Hwy 37, Massena, NY 13662
Absolute NNN restaurant property fully leased to Taco Bell, positioned as an outparcel to St. Lawrence Centre.
Property SizeContact for details
Lot Size1.00 Acre
Days on Market135
Property Features for 1602 State Hwy 37
General Information
Standard status
Pending
Lot size
1.00 Acre
Property subtype
Retail
Occupancy
100%
Building Details
Tenancy
Single
Listing Agency:
Colliers - Los Angeles - Orange County, California
(949) 724-5561
Listed By:
Eric Carlton · License #CA 01809955
Source:
Crexi
Added: Apr 10
Changed: Aug 11
Last Checked: Aug 21 at 7:19AM
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 Colliers - Los Angeles - Orange County, California
Investment Insights
Based on property information with market context.
This absolute NNN investment property is fully leased to Taco Bell and structured to provide “zero landlord obligations,” with the tenant operating at the location since 1993. The offering is positioned on approximately 1.00 acres of land.
The property sits as an outparcel to St. Lawrence Centre, a shopping mall managed by Carlyle Development Group in Massena, NY. Taco Bell has approximately 3.5 years remaining on the current term, followed by 3- to 5-year option periods. Option renewals include 10% rental increases. Current rent is reported at $44,450 per annum, and annualized sales at the location are stated to average over $900,000 per year, for an approximately 4.9% rent-to-sales ratio.
The property sits as an outparcel to St. Lawrence Centre, a shopping mall managed by Carlyle Development Group in Massena, NY. Taco Bell has approximately 3.5 years remaining on the current term, followed by 3- to 5-year option periods. Option renewals include 10% rental increases. Current rent is reported at $44,450 per annum, and annualized sales at the location are stated to average over $900,000 per year, for an approximately 4.9% rent-to-sales ratio.
Key Highlights
- Absolute NNN restaurant property fully leased to Taco Bell in Massena, NY, as an outparcel to St. Lawrence Centre
- Taco Bell has operated at this location since 1993; investment‑grade tenant via Taco Bell Corp, a subsidiary of YUM Brands (NYSE: YUM)
- Approximately 1.00‑acre site with an absolute NNN lease structure
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
63
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 77%
Dining 23%
Citgo
Shops & Services
5,248 visits/mo
0.1 miles
Jreck Subs
Dining
1,538 visits/mo
0.1 miles
Demographics for 13662, NY
15,814
Population
7,785
Households
2
Avg Household Size
44
Median Age
24%
College-Educated
89%
High-School Grad
89.2 sq mi
ZIP Area
177
Density / Sq Mi
$56,987
Median Household Income
$38,535
Median Earnings
$712
Median Rent
$118,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN restaurant property fully leased to Taco Bell, positioned as an outparcel to St. Lawrence Centre.
Where is this nnn property located?
The property is located at 1602 State Hwy 37 Massena, NY.
What are key features of this property?
This property features: Absolute NNN restaurant property fully leased to Taco Bell in Massena, NY, as an outparcel to St. Lawrence Centre; Taco Bell has operated at this location since 1993; investment‑grade tenant via Taco Bell Corp, a subsidiary of YUM Brands (NYSE: YUM); Approximately 1.00‑acre site with an absolute NNN lease structure
