3327 Chambers Rd Horseheads, NY 14845-1401

Property Details for 3327 Chambers Rd

Year built

1984

Lot size

2.08 lot acres

Property size

3,719 SF

Zone code

06 - INDUSTRIAL

Property type

Drive through restaurants

APN

072400 57.02-2-58.1

APU

7240057022581

Description

This exceptional investment opportunity presents a 3,719-square-foot McDonald's restaurant located at 3327 Chambers Rd, Horseheads, NY 14845, in Chemung County. The property sits on a 2.08-acre lot and includes 52 parking spaces. Built in 1984 and extensively renovated in 2023, this single-story building boasts a 100% occupancy rate under an absolute NNN lease with McDonald's, expiring August 1, 2034. The lease features a remaining term of 9.7 years, with a 10% rent increase scheduled for 2029 and similar increases built into four 5-year options. The current Net Operating Income (NOI) is $60,000, yielding a 4.25% cap rate on the $1,412,000 asking price. This McDonald's enjoys a prime location across from the 1.1 million-square-foot Arnot Mall, a major shopping destination with numerous national retailers. The property also benefits from its proximity to several other significant retail centers, including Big Flats Consumer Square and Southern Tier Crossing, creating a strong synergy and high customer traffic. This location consistently ranks among the top two-thirds of McDonald's nationally. The property's strong tenant, long-term lease, recent renovation, and strategic location make it an attractive investment opportunity with significant potential for future growth.