3030 Union Rd - Bank FOR SALE


Orchard Park, NY 14127
$1,520,000 USD
818-522-4792
3030 Union Rd, Orchard Park, NY for Sale
$1,520,000 USD
Bank - FOR SALE
1/3
null | 7.01% Cap Rate

3030 Union Rd
Orchard Park, NY 14127


HIGHLIGHTS

  • Absolute NNN Ground Lease with 10% increases
  • Deposits at this branch are over $238,000,000
  • Investment Grade Credit
  • Drive-thru
  • Low Rent
  • Almost 20,000 VPD

OVERVIEW

This well-located Key Bank drive-thru branch is in the city of Orchard Park just 3½ miles from Highmark Stadium, home of the Buffalo Bills. Priced at $1,520,000 with an attractive 7.01% CAP rate, this property offers a corporate absolute NNN ground lease ideal for potential long-term benefits. The site is surrounded by retail, commercial, and residential uses, including Lowe's, Walgreen's, CVS, McDonalds, Wendy’s and more. The original 20-year term has approximately 5 years left with four 5-year options. Rental increases during the primary term and options are 10% every 5 years. This property boasts a stable tenant profile, investment grade credit, almost 20,000 VPD as well as promising demographics with an average annual household income exceeding $100,000. Additionally, the FDIC reports deposits at this branch are over $238,000,000.

FOR SALE DETAILS

PRICE

$1,520,000 USD

PRICE/SF

$353 USD /SF

CAP RATE

7.01%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

KeyBank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

B2

APN/PARCEL ID

146089-152-120-0002-003-100

ASK ABOUT THIS PROPERTY

Chris ThompsonIREA, Inc.More Info
818-522-4792

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

Chris ThompsonIREA, Inc.More Info
818-522-4792

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