Investment Summary:
Year Built – 2nd & 3rd quarter 2011
Initial NOI $115,368
Initial Cap Rate 7.75%
Average NOI $116,521 (years 1-15)
Average Cap Rate 7.82% (years 1-15)
Lease Type Absolute NNN
CAM/Taxes/Insurance – Tenant is responsible
Roof/Structure/Lot/HVAC – Tenant is responsible
Renewal Options – 3 five year options
Rent Increases – 3% @ year 11, 10% @ 1st option and 5% increase @ 2nd and 3rd options.
- Address
- Buffalo, New York
- Price
- $1,488,600
- Square Foot
- 10640 sq. ft.
Features
- 7.75% Cap Rate
- Buffalo NY
- Investment Property
- National Tenant Lease
- Net Leased Investment
Lease Terms
November 1 2011 – November 2 2026 with 3 five year options
