1316-1322 W State St, Olean, NY
NNN retail property with corporate guaranty in Olean, NY.
- Added:
- Apr 16, 2025
- Days on Market:
- 426
- Last Refresh:
- May 20 at 8:53 pm
Property Features for 1316-1322 W State St
General Information
- Standard status
- Active
- Size
- 11,440 SF
- Lot size
- 0.68 Acres
- Property subtype
- RETAIL
Listing agent Brian P Donovan License #10491202934
Listing office Donovan Real Estate Services (716) 998-2943
Listing date Apr 16, 2025
Source Moodyscre
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 Donovan Real Estate Services
HighLights
- No landlord responsibilities
- Tenant pays utilities, taxes, and maintains all aspects of the premises
- Corporate guaranty on lease
- 10‑year initial term
- Two 5‑year options
- 10% bumps to hedge against inflation and help grow NOI
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $164.7k | $14.40 |
| − Vacancy | −$16.5k | −$1.44 |
| EGI | $148.3k | $12.96 |
| − OpEx | −$44.5k | −$3.89 |
| NOI | $103.8k | $9.07 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Olean
- County
- Cattaraugus
- State
- New York
- Longitude
- -78.4045
- Latitude
- 42.073
