439 Central Ave - Fast Food FOR SALE


Albany, NY 12206- West Hill
$2,833,333 USD
332-345-4222
439 Central Ave, Albany, NY for Sale
$2,833,333 USD
Fast Food - FOR SALE
1/2
null | 6% Cap Rate

439 Central Ave
Albany, NY 12206
West Hill


HIGHLIGHTS

  • Excellent Franchisee Guarantee
  • Strong Corporate Backing
  • Long-Term, 15-Year Absolute Triple Net (NNN) Lease

OVERVIEW

Surmount is pleased to present the exclusive listing for a Burger King located at 439 Central Avenue, Albany, NY 12206. The site consists of roughly 3,165 rentable square feet of building space on an estimated 0.85-acre parcel of land. This Burger King is subject to a 15-year Triple Net (NNN) lease, which commenced 8/1/2024. The current annual rent is $170,000 and has scheduled increases of 10.00% every 5 years.

FOR SALE DETAILS

PRICE

$2,833,333 USD

PRICE/SF

$895 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Burger King

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

-

APN/PARCEL ID

010100-065-046-0001-056-000-0000

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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