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