Financial Summary
| Asking Price | $2,212,570 |
| Cap Rate | 5.25% |
| Net Operating Income (NOI) | $116,160 |
| Lease Type | NNN |
| Lease Term Remaining | 15 Years |
| Increases | 10% Every 5 Years |
Highlights
- New 15-year NNN lease with Carrols Corp, the world’s largest Burger King franchisee
- Carrols Corp guarantee (1000+ stores and $1.2Bil in annual revenue)
- Remodeled with Burger King’s “20/20 Design”
- Absolute NNN, no landlord responsibilities
- Proven location with strong sales history
- 10% rent increases every five years
- Less than 1-mile from St. Bonaventure University with 2,100 students
Net Lease Advisor
For more information on this tenant, including averages, overview and credit ratings, visit NetLeaseAdvisor.com.
Location
3007 NYS Route 417 W
Olean, NY
