1137 Bailey Ave Buffalo, NY 14206-1324

Property Details for 1137 Bailey Ave

Year built

1986

Lot size

0.34 lot acres

Property size

2,072 SF

Zone code

D-S

Property type

Drive through restaurants

APN

140200 112.57-3-24.1

APU

140200112573241

Description

This exceptional investment opportunity presents a 2,200 square foot Tim Hortons franchise located at 1137 Bailey Ave, Buffalo, NY 14206. The property, built in 2019, sits on a 0.34-acre lot and boasts a drive-thru, ensuring convenient access for customers. Currently operating under a triple net lease with a franchisee tenant, this property offers a strong, long-term investment with a remaining lease term of 5.1 years, followed by two five-year renewal options. The lease commenced on October 24, 1985, and is set to expire on December 31, 2029. The property enjoys 100% occupancy and generates a substantial net operating income (NOI) of $78,500, resulting in a compelling 6.54% cap rate. The asking price is $1,200,000, translating to $545.45 per square foot. This strategically located property benefits from high traffic counts, a signalized hard corner with multiple points of ingress and egress, and is surrounded by a mix of residential, office, and industrial properties. The strong demographics of the area, with a five-mile population exceeding 320,000 and an average household income of $53,204, further solidify its investment potential. The tenant's recent renovation demonstrates their commitment to the location and the long-term viability of the business. This is a rare opportunity to acquire a well-established, high-performing QSR property with significant upside potential.

Location Insight

City

Buffalo

County

Erie

State

New York

Longitude

-78.8139

Latitude

42.8851

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments