KFC for Sale in Lockport, NY
Lockport, NY
Key Investment Metrics
Price
$2,064,000
Cap Rate
7.0%
Net Operating Income
$144,465
Building Size
2286 SF
Land Area
0.86 Acres
Remaining Term
5.5 years
Lease Expiration
01/31/2032
Lease Term
20.1 years
Lease Commencement
01/15/2012
Lease Type
Absolute NNN
Tenant Credit
Franchisee
Year Built
1983
Occupancy
100%
Tenancy
Single
Rent Increases
10% every 5 years and in each option
AI illustration · Not the listed propertyProperty overview
KFC in Lockport
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 2,286 SF
- Land area
- 0.86 acres
- Year built
- 1983
- Lease type
- Absolute NNN
- Lease expiration
- 01/31/2032
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.