Price: $3,000,000
Cap Rate: 5.00%
Net Operating Income: $150,000
Square Footage: 2,361
Lot Size: 1.77 AC
Market: Buffalo
Renovated: 2018

The subject property is a 2,361 square-foot Wendy’s located in Buffalo, New York. The asset has a strong corporate guarantee from Wendy’s and reports strong sales of $2.5MM. This property had an image update 3 years ago and has a long operating history at this location. The asset benefits from its position at a signalized intersection and benefits from neighboring retailers like CVS Pharmacy, Big Lots, 7-Eleven, and Family Dollar.

Buffalo is the second-largest city in the U.S. state of New York and the seat of Erie County. It is at the eastern end of Lake Erie, adjacent to the Canadian border with Southern Ontario, and is at the head of the Niagara River. With a 2020 census population of 278,349, Buffalo is the 76th-largest city in the United States. The city and nearby Niagara Falls share the two-county Buffalo–Niagara Falls Metropolitan Statistical Area (MSA). The MSA had an estimated population of 1.1 million in 2020, making it the 49th largest MSA in the United States. The Western New York region containing Buffalo is the largest population and economic center between Boston, Massachusetts and Cleveland, Ohio.