Net-Leased Restaurant Investment
1459 State Rt 17B, White Lake, NY 12786
Single-tenant restaurant with a long-term absolute NNN ground lease.
Type:Retail
Property size:
16,533 SFLot size:
16,533.00 AcresPrice / SF:
$88/SF- Added:
- Mar 12, 2026
- Days on Market:
- 62
- Last Refresh:
- Mar 19 at 10:47 pm
Property Features for 1459 State Rt 17B
General Information
- Standard status
- Active
- Size
- 16,533 SF
- Lot size
- 16,533.00 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2015
Listing agent Barry Higgins License #EA 748415
Listing office Marcus & Millichap - Denver
Listing date Mar 12, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Denver
HighLights
- Absolute NNN ground lease with 13 years remaining, offering truly passive income.
- Lease guaranteed by ABDD IV LLC, a wholly owned ABDD Capital entity valued at approximately $6 million, providing additional security.
- 10% rent escalations every five years during the initial term and option periods, ensuring built‑in income growth.
- Experienced franchisee with operations dating back to 2009 and a large multi‑state portfolio.
- Strategic location on New York State Route 17‑B with high visibility and 8,825 average daily traffic.
- Recent $270,000 exterior remodel completed in 2023, ensuring strong curb appeal.
Overview
The property at 1459 New York 17B in White Lake, New York, presents an investment opportunity. It is a single-tenant, net-leased, quick-service restaurant operating under a 20-year absolute NNN ground lease, with 13 years remaining. The lease structure includes 10 percent rent escalations every five years during both the initial term and each five-year option period. Completed in 2015, the property features a contemporary design and a wrap-around drive-thru pick-up window. In 2025, the franchisee completed a full exterior remodel totaling approximately $270,000. Positioned along New York State Route 17-B, the property benefits from visibility with average daily traffic of 8,825 vehicles. The surrounding area is supported by regional tourism and entertainment drivers, including Resorts World Catskills Casino, located less than 12 miles away. The tenant has managed a multi-state portfolio of Dunkin’ Donuts and Taco Bell locations and brings over 43 years of combined real estate experience. The lease is guaranteed by ABDD IV LLC—a wholly owned ABDD Capital entity valued at approximately $6 million. The property size is 16,533 square feet.
Location Intelligence
Current Use by Public Records
Drive through restaurants
Location Insight
- Map
- Local Demand
- City
- White Lake
- County
- Sullivan
- State
- New York
- Longitude
- -74.8265533
- Latitude
- 41.6740548
FAQs
What type of property is this?
Drive through restaurant - Single-tenant restaurant with a long-term absolute NNN ground lease.
Where is this drive through restaurant located?
The property is located at 1459 State Rt 17B White Lake, NY.
What is the asking price?
The asking price for this property is $1,466,667.
What are key features of this property?
This property features: Absolute NNN ground lease with 13 years remaining, offering truly passive income.; Lease guaranteed by ABDD IV LLC, a wholly owned ABDD Capital entity valued at approximately $6 million, providing additional security.; 10% rent escalations every five years during the initial term and option periods, ensuring built‑in income growth.
