3180 Niagara Fls Blvd Buffalo, NY 14228-1639
Property Lookup
Property profile & analytics
3180 Niagara Fls Blvd Buffalo, NY 14228-1639
- Drive through restaurants
- 3,291 SF
- 1.01 lot acres
Property ID
US63-1664438
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Drive through restaurants
Property Details for 3180 Niagara Fls Blvd
- Year built
- 1994
- Lot size
- 1.01 lot acres
- Property size
- 3,291 SF
- Property type
- Drive through restaurants
- APN
- 142289 26.03-1-3
- APU
- 142289260313
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,660,000
- ML approach
- $1,730,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.8249
- Latitude
- 43.0408
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2019
$27,529
$385,000
$405,000
$790,000
-
$620,968
$653,226
$1,274,194
