4186 Buffalo Rd - Fast Food FOR SALE


Erie, PA 16510
$1,850,000 USD
310-750-7175
4186 Buffalo Rd, Erie, PA for Sale
$1,850,000 USD
Fast Food - FOR SALE
1/5
null | 6.01% Cap Rate

4186 Buffalo Rd
Erie, PA 16510


HIGHLIGHTS

  • Corporate store, lease guaranteed by The Wendy's Company
  • Absolute NNN Lease with approximately 10 years of term remaining
  • Proven Store: 30+ years of continuous Wendy’s operation at site
  • Excellent basis for corporately guaranteed net lease asset
  • Large lot: 42,301 square feet of land on a busy retail corridor
  • The Wendy's Company (NASDAQ: WEN) has over 7,000 locations worldwide

OVERVIEW

Century Partners is pleased to present the opportunity to acquire a highly seasoned corporate Wendy’s Drive-Thru located on the prime Buffalo Rd thoroughfare of Erie, Pennsylvania. This property is secured by a lease guaranteed by The Wendy's Company (NASDAQ: WEN) and has been a legacy Wendy's location for over 30 years. The absolute net lease provides a highly passive investment wherein the tenant covers all expenses. Situated on 42,301 SF of land and grocery shadow-anchored within a busy retail corridor, the property offers a relatively low basis for a corporately guaranteed net lease asset.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$836 USD /SF

CAP RATE

6.01%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Corporate Wendy's - 10 Year Abs. NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,301 SF

ZONING

AB3

APN/PARCEL ID

27-051-150.0-011.05

ASK ABOUT THIS PROPERTY

Kyle GulockCentury Partners Real Estate Inc.More Info
310-750-7175

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

Kyle GulockCentury Partners Real Estate Inc.More Info
310-750-7175

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