3263 Walden Ave Cheektowaga NY

Verizon Wireless Net Lease Investment Property

 

3263 Walden Avenue S/W/C Transit Road Depew (Buffalo) New York

Sale Price:    $499,900

Cap Rate:     6.6%

Lease Term: Thru 7/1/2022 with two 5 year options

Features:

  • Net, Net Lease with 10% rental increases on two 5 year renewals
  • Tenant is largest Verizon Wireless franchisee in the country with over 750 locations
  • Located on High Traffic visible suburban corner at traffic signal
  • Landlord responsible for roof and structure only of the 1650 sq. ft. building
  • Roof is new
  • Address: 3263 Walden Ave Cheektowaga NY 
  • Price: $499,900 
  • Done Deal: No