Net Leased Investment Property For Sale

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.  

Lease Terms

November 1 2011 - November 2 2026 with 3 five year options