2215 Delaware Ave - Restaurant FOR SALE


Buffalo, NY 14216- North Delaware
$1,999,999 USD
858-539-3273
2215 Delaware Ave, Buffalo, NY for Sale
$1,999,999 USD
Restaurant - FOR SALE
1/1
null | 6.77% Cap Rate

2215 Delaware Ave
Buffalo, NY 14216
North Delaware


HIGHLIGHTS

  • Long-term absolute NNN lease with rent escalations through 2042.
  • Tenant responsible for taxes, insurance, maintenance, and operating costs.
  • Located along Delaware Avenue with approximately 25,355 vehicles per day.
  • Percentage rent provision offers potential income above base rent.
  • Surrounded by national retailers and established commercial activity.
  • Positioned near major universities, healthcare systems, and employment centers.

OVERVIEW

Lee & Associates is is pleased to offer this single-tenant Denny's property located at 2215 Delaware Avenue in Buffalo, New York 14216 (the "Property"). The asset is secured by a long-term, 20-year absolute triple net (NNN) lease with TL Restaurants, Inc., a Denny's franchisee, providing investors with stable, predictable, fully passive income backed by one of America's most enduring and recognized full-service restaurant brands. With all taxes, insurance, maintenance, and operating expenses contractually assigned to the tenant, and an express prohibition on tenant termination even upon landlord default, the Property offers an exceptional landlord-favorable covenant and a premier passive investment opportunity in one of North Buffalo's most established retail corridors.

FOR SALE DETAILS

PRICE

$1,999,999 USD

PRICE/SF

$391 USD /SF

CAP RATE

6.77%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Denny's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,654 SF

ZONING

N-3E

APN/PARCEL ID

140200-078-790-0001-001-100

ASK ABOUT THIS PROPERTY

Mike PhilbinLee & AssociatesMore Info
858-539-3273

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Mike PhilbinLee & AssociatesMore Info
858-539-3273

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.