Triple-Net Retail
2502 W State St Olean, NY 14760
2502 W State St, Olean, NY, 14760
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For Sale
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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 Market102
Property Features for 2502 W State St
General Information
- Standard status
- Active
- Size
- 4,573 SF
- Lot size
- 0.89 Acres
- Property subtype
- Retail
Listing agency
SURMOUNT
(332) 345-4222
Listed by
Anthony Bird · License #NY 10401306066
Source
Crexi
Added: Apr 11 Updated: Jul 21 at 3:36PM 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
Location Intelligence
Current Use by Public Records
Friendly's
Restaurant
MrBeast Burger
Restaurant
Similar For Sale Nearby
FAQs
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
