5886 Rt-31 - Fast Food FOR SALE


Clay, NY 13039
$1,777,522 USD
424-321-6547
5886 Rt-31, Clay, NY for Sale
$1,777,522 USD
Fast Food - FOR SALE
1/5
null | 5.65% Cap Rate

5886 Rt-31
Clay, NY 13039


HIGHLIGHTS

  • Absolute NNN Lease
  • Corporate Guarantee
  • Long Term Lease
  • High Traffic Location
  • New Developments
  • Near Interstate

OVERVIEW

This offering presents the opportunity to acquire a fee simple Arby’s property located at 5886 NY-31 in Cicero, NY. Backed by RTM Operating Company, LLC, the absolute NNN lease features zero landlord responsibilities and approximately 12 years remaining on the primary term with four 5-year renewal options. The lease includes scheduled 10% rent increases every five years, enhancing long-term income stability and NOI growth. Strategically positioned along the NY-31 corridor with direct access to I-81 less than half a mile away, the property benefits from an average daily traffic count of 33,500 vehicles and strong national co-tenancy including McDonald’s, Dunkin’ Donuts, and Speedway. Additionally, it is located within three miles of Micron Technology’s $100 billion semiconductor megafab project, one of the largest economic developments in U.S. history. Priced at $1,777,522 with a 5.65% cap rate, this asset offers predictable cash flow and a strong tenant covenant.

FOR SALE DETAILS

PRICE

$1,777,522 USD

PRICE/SF

$677 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

312289-051-000-0001-005-001-0000

ASK ABOUT THIS PROPERTY

Joel CukierMalchus Real EstateMore Info
424-321-6547

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Joel CukierMalchus Real EstateMore Info
424-321-6547

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