Buddy Brewster's Single-Tenant
For Sale
Contact for pricing
318 E Fairmount Ave, Lakewood, NY 14750
Freestanding restaurant occupied under an absolute NNN ground lease with renewal rights and scheduled rent increases.
Property Size4,976 SF
Days on Market141
Property Features for 318 E Fairmount Ave
General Information
Standard status
Active
Size
4,976 SF
Property subtype
Retail
Occupancy
100%
Additional Details
Traffic Count
19,200 vehicles/day
Building Details
Tenancy
Single
Listing Agency:
JLL Chicago | Americas Headquarters
(312) 782-5800
Listed By:
Mohsin Mirza · License #IL 475.189943
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 3:48AM
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 JLL Chicago | Americas Headquarters
Investment Insights
Based on property information with market context.
Buddy Brewster’s Ale House is a 4,976-square-foot single-tenant restaurant at 318 E. Fairmount Avenue in Lakewood, NY. The property is fully leased under an absolute NNN ground lease, placing operating and property expenses with the tenant. Lease terms include a 10-year primary term, one five-year renewal option, an 18.4% rent increase in year 6, and a 10% increase during the renewal period.
The property functions as an out-parcel to Chautauqua Mall and fronts Fairmount Avenue, which records 19,200 VPD. The surrounding commercial corridor includes Walmart, Home Depot, Target, Advance Auto Parts, Tractor Supply, and Harbor Freight. Chautauqua Mall reports 1.9 million annual visitors, while Walmart reports 2.5 million annual visitors.
Buddy Brewster’s operates this as its second location and has occupied the property since opening the restaurant. In 2023, the property recorded a sub-four percent rent-to-sales ratio.
The property functions as an out-parcel to Chautauqua Mall and fronts Fairmount Avenue, which records 19,200 VPD. The surrounding commercial corridor includes Walmart, Home Depot, Target, Advance Auto Parts, Tractor Supply, and Harbor Freight. Chautauqua Mall reports 1.9 million annual visitors, while Walmart reports 2.5 million annual visitors.
Buddy Brewster’s operates this as its second location and has occupied the property since opening the restaurant. In 2023, the property recorded a sub-four percent rent-to-sales ratio.
Key Highlights
- 4,976 SF single‑tenant restaurant at 318 E. Fairmount Avenue
- Absolute NNN ground lease with no landlord expenses
- 10‑year lease with one (1), five‑year renewal option
Property Analytics
Property Profile
Current Use
Lease Details
19,200 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
342k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 29%
Shops & Services 27%
Superstores 26%
Apparel 15%
Walmart
Superstores
87,798 visits/mo
0.2 miles
T.J. Maxx
Apparel
39,273 visits/mo
0.3 miles
Dollar Tree
Shops & Services
24,424 visits/mo
0.3 miles
Applebee's
Dining
23,385 visits/mo
0.3 miles
Michaels
Shops & Services
22,075 visits/mo
0.4 miles
Demographics for 14750, NY
4,673
Population
2,352
Households
2
Avg Household Size
49
Median Age
35%
College-Educated
95%
High-School Grad
11.3 sq mi
ZIP Area
414
Density / Sq Mi
$67,083
Median Household Income
$44,653
Median Earnings
$1,145
Median Rent
$158,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Sakura Buffet — 110 Chautauqua Mall, Lakewood, NY 14750
- Honest John's Pizzeria Fairmount — 995 Fairmount Ave, Jamestown, NY 14701
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding restaurant occupied under an absolute NNN ground lease with renewal rights and scheduled rent increases.
Where is this conventional restaurant located?
The property is located at 318 E Fairmount Ave Lakewood, NY.
What are key features of this property?
This property features: 4,976 SF single‑tenant restaurant at 318 E. Fairmount Avenue; Absolute NNN ground lease with no landlord expenses; 10‑year lease with one (1), five‑year renewal option
