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.