1699 Us-9 Clifton Park, NY 12065
- Retail properties
- 3,692 SF
- 0.85 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1699 Us-9
- Year built
- 1981
- Lot size
- 0.85 lot acres
- Property size
- 3,692 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a 3,692 square-foot Burger King restaurant located in Clifton Park, NY, within the Albany MSA. Boasting a 5.75% cap rate and a strong NOI of $225,000, this property benefits from a recently signed 15-year absolute NNN lease (commencing August 1, 2023, and expiring July 31, 2038) with a prominent tenant. The lease includes 10% rent bumps every five years and three five-year renewal options with CPI increases. The property sits on a 0.85-acre lot and was built in 1981, renovated in 2004, and enjoys 100% occupancy. Its prime location at the intersection of US Highway 9 and Clifton Park Boulevard (combined 66,734 vehicles per day), with immediate access to Interstate 87 (101,367 VPD), ensures high visibility and accessibility. The surrounding area features numerous shopping centers and strong national retailers including Lowe's, The Home Depot, Target, Kohl's, and more. This affluent area boasts an average household income exceeding $132,037 within a five-mile radius, encompassing a population of nearly 70,000. The Burger King location itself is ranked within the top 1% of all Burger King stores nationally, further solidifying its investment potential. The operator, Carrols Corporation, was acquired by Restaurant Brands International in Q2 2024, demonstrating the strength and stability of the tenant. This is a truly exceptional opportunity for a savvy investor seeking a high-performing, low-maintenance asset with significant long-term growth potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Clifton Park
- County
- Saratoga
- State
- New York
- Longitude
- -73.7682
- Latitude
- 42.8629
