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27170614
27170615

6020 Porter Rd, Niagara Falls, NY 14304 For Sale

CP
NY 10401300636, NJ 1861396
Marcus & Millichap - Manhattan
MC
NY 10401311477
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan
$2,127,000
192 days on market
Updated 101 days ago

Wendy's I Rare Corporate Guarantee I 10+ Year Lease

Details
Property Type Retail
Sub Type Restaurant, QSR/Fast Food
Square Footage 115,922
Cap Rate 5.45%
NOI $115,922
Occupancy 100%
Tenancy Single
Brand/Tenant Wendy's
Lease Type Absolute NNN
Lease Expiration 03/20/2036
Remaining Term 9.7
Rent Bumps Yes
Lease Options 2, 5-Year
Class A
Year Renovated 2024
Acreage 1.450
Investment Type Net Lease
Ownership Fee Simple

Recent Remodel - First Parcel Off Interstate 190 (Exit 23)

Marketing description

Investment highlights

  • Absolute NNN Wendy’s with No Landlord Maintenance: Absolute NNN Wendy’s Situated at a Signalized Intersection on a Highly Trafficked Section of Porter Road (14,000 Vehicles Per Day (VPD)) Just Off Interstate 190 (33,000 VPD) in Niagara Falls, New York

  • Rare Corporate Guarantee from Wendy’s: Hyper-Secure Lease Guaranteed by the Wendy’s Company, the World’s Third Largest Hamburger Chain with over $2.25 Billion in Revenue Reported for Full-Year 2024

  • Over 10-Years Remaining with 10% Rent Increases: Wendy’s Has Occupied This Recently Remodeled Store for Nearly Three Decades w/ Over 10-Years Remaining on the Lease and 10% Rent Increases Every 5-Years Making This an Ideal Investment

  • Favorable Position as First Parcel Off Interstate 190 (Exit 23): Positioned as the First Parcel Off Interstate 190 with No Immediate Fast Food Competition Driving Store Sales - Interstate 190 is a Critical Thru-Way Connecting the US Directly to Toronto, Canada’s Largest City

  • Material Retail Synergies - Across from Aldi and Quicklee’s: Material Retail Synergies Driving Customer Traffic to the Immediate Area Driven by a Newly Constructed, 12-Pump Quicklee’s Gas Station and One of Aldi’s Top Nationally Performing Stores Directly Across the Street

  • Roughly Rent Minutes from Niagara Falls State Park: Subject Property is Just Minutes from Niagara Falls State Park Which Hosts an Estimated 12 Million Visitors Annually Generating an Economic Impact in Niagara County Exceeding $1 Billion

Listing Contacts

CP
NY 10401300636, NJ 1861396
Marcus & Millichap - Manhattan
MC
NY 10401311477
Marcus & Millichap - Manhattan
Listed by Marcus & Millichap - Manhattan

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$115,922.00
$9,660.17/mo

Valuation Metrics

0
DSCR
5.45%
Cap Rate
5.45%
ROI

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