3755 Union Rd - Restaurant FOR SALE


Cheektowaga, NY 14225
$4,135,000 USD
949-270-8206
3755 Union Rd, Cheektowaga, NY for Sale
$4,135,000 USD
Restaurant - FOR SALE
1/11
null | 6% Cap Rate

3755 Union Rd
Cheektowaga, NY 14225


HIGHLIGHTS

  • Top Performing Location | Corporate Guaranty | Options to Extend
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Outparcel to The Union Consumer Square (3.9M+ Visits) | Dense I-90 (124,100 VPD) Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• The property ranks as the 9th best Texas Roadhouse nationwide, and the #1 performing site in the state, based on annual visits (698K+ per Placer.ai) • The site has consistently demonstrated strong sales performance and sustained year over year growth, providing stability and long term value • Tenant has 2 years remaining on its lease with 3 (5-Year) options to extend • The lease features 8% rental increases at the beginning of each option

FOR SALE DETAILS

PRICE

$4,135,000 USD

PRICE/SF

$557 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Texas Roadhouse | Corp Abs NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

122

LAND DETAILS

LAND ACRES

2.38 AC

LAND SF

103,673 SF

ZONING

C

APN/PARCEL ID

143089-102-020-0002-001-111

ASK ABOUT THIS PROPERTY

Parker WalterSRS National Net LeaseMore Info
949-270-8206

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Parker WalterSRS National Net LeaseMore Info
949-270-8206

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