Triple-Net Retail
For Sale
Contact for pricing
2502 W State St, Olean, NY 14760
Friendly’s retail property is leased under a 20-year NNN structure with no landlord responsibilities and 11+ years remaining.
Property Size4,573 SF
Lot Size0.89 Acres
Days on Market132
Property Features for 2502 W State St
General Information
Standard status
Active
Size
4,573 SF
Lot size
0.89 Acres
Property subtype
Retail
Building Details
Tenancy
Single
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Anthony Bird · License #NY 10401306066
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 3:36PM
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 SURMOUNT
Investment Insights
Based on property information with market context.
Marcus & Millichap presents an exclusive listing for a Friendly’s located at 2502 W State Street in Olean, NY. The site includes a retail building with roughly 4,573 rentable square feet on approximately 0.89 acres of land.
The investment is subject to a 20-year triple-net (NNN) lease with more than 11 years remaining. The lease provides for no landlord responsibilities. Current annual rent is $111,437 and is scheduled to increase by 1.50% annually throughout the remainder of the base term and each of the four (4), five (5)-year option periods.
The investment is subject to a 20-year triple-net (NNN) lease with more than 11 years remaining. The lease provides for no landlord responsibilities. Current annual rent is $111,437 and is scheduled to increase by 1.50% annually throughout the remainder of the base term and each of the four (4), five (5)-year option periods.
Key Highlights
- Friendly’s retail property at 2502 West State Street, Olean, NY
- ~4,573 rentable SF on an approximately 0.89‑acre parcel
- 20‑year triple‑net (NNN) lease with more than 11 years remaining
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
477
Businesses Nearby
384k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Shops & Services 28%
Groceries 14%
Superstores 8%
Ollie's Bargain Outlet
Shops & Services
49,937 visits/mo
0.3 miles
Tops Friendly Markets
Groceries
31,126 visits/mo
0.0 miles
BJ's Wholesale Club
Superstores
29,336 visits/mo
0.5 miles
McDonald's
Dining
23,654 visits/mo
0.1 miles
Aldi
Groceries
23,421 visits/mo
0.2 miles
Demographics for 14760, NY
18,031
Population
8,917
Households
2
Avg Household Size
42
Median Age
27%
College-Educated
91%
High-School Grad
65.1 sq mi
ZIP Area
277
Density / Sq Mi
$52,569
Median Household Income
$35,754
Median Earnings
$777
Median Rent
$99,400
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?
NNN property - Friendly’s retail property is leased under a 20-year NNN structure with no landlord responsibilities and 11+ years remaining.
Where is this nnn property located?
The property is located at 2502 W State St Olean, NY.
What are key features of this property?
This property features: Friendly’s retail property at 2502 West State Street, Olean, NY; ~4,573 rentable SF on an approximately 0.89‑acre parcel; 20‑year triple‑net (NNN) lease with more than 11 years remaining
