312 E Fairmount Ave - Fast Food FOR SALE


Lakewood, NY 14750
$1,333,333 USD
310-650-4322
312 E Fairmount Ave, Lakewood, NY for Sale
$1,333,333 USD
Fast Food - FOR SALE
1/4
null | 6% Cap Rate

312 E Fairmount Ave
Lakewood, NY 14750


OVERVIEW

Brand-New 20-Year Absolute NNN Ground Lease – Newly executed 20-year ground lease with Popeyes Louisiana Kitchen, providing stable, long-term cash flow through May 2046. Tenant is responsible for all taxes, insurance, maintenance, and operating expenses, resulting in zero landlord responsibilities. Long-Term Income Growth with Scheduled Rent Increases – Lease features attractive 10% rental increases every five years throughout the initial term and each of the six 5-year renewal options, creating built-in NOI growth and an inflation hedge. Experienced Multi-Unit Franchise Operator – Operated by Liberty Restaurants Holdings, an established Popeyes franchisee with more than 55 restaurant locations, providing operational experience and regional market expertise. New 2026 Construction – Newly developed 2,353 SF freestanding restaurant situated on approximately 1 acre. Premier Regional Retail Location – Strategically positioned along Fairmount Avenue, the dominant retail corridor serving Lakewood and Jamestown, adjacent to Chautauqua Mall and surrounded by national retailers including Walmart, Target, Chipotle, Olive Garden, Applebee's, Aldi, Home Depot, TJ Maxx, Michaels, and more.

FOR SALE DETAILS

PRICE

$1,333,333 USD

PRICE/SF

$567 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

New Development Popeye's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jacob RiveraCaliber Commercial BrokerageMore Info
310-650-4322

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

Jacob RiveraCaliber Commercial BrokerageMore Info
310-650-4322

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