Property summary
This exceptional investment opportunity presents a freestanding Wendy's restaurant located at 3180 Niagara Falls Blvd, Amherst, NY 14228. The property boasts a 3,291 square foot building situated on approximately one acre of land, built in 1994. Currently operating under a corporate-guaranteed Net Lease (NNN), this single-tenant property offers significant long-term stability. The lease commenced March 21, 2016, and has a remaining term of 11.3 years, extending to March 20, 2036, with two five-year renewal options. The asking price is $2,313,860, representing a compelling $703.09 per square foot and a 5.00% cap rate. The property enjoys 100% occupancy and benefits from a prime location on Niagara Falls Boulevard, a high-traffic area with excellent demographics. Within a 5-mile radius, the population exceeds 160,000, and household income surpasses $87,000. The property's strong performance is further evidenced by the tenant's recent commitment to remodeling, demonstrating their long-term commitment to the site. The lease includes 10% rental increases every five years, providing inflation protection. This is a rare opportunity to acquire a stable, high-performing investment with a strong corporate tenant and significant remaining lease term. The property's location near numerous national tenants and high daily vehicle traffic (over 33,000) further enhances its investment appeal.
Property profile
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Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2019Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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