Listing Details
- Cap Rate
7.01%
- Tenancy
Single
- Space Type
Retail
- Sub Category
Bank/Financial Institutions
- Sale Type
Investment Sale
- Date Listed
5/13/2025
- Net Operating Income
$106,480
- Parking Info
30 Spaces (6.97 Spaces per 1,000 SF Leased)
- Building FAR
0.12
Property Specifics
- Property Name
KeyBank | 3030 Union Rd
- Property Class
C
- No of Buildings
1
- No of Stories
1
- No of Units
1
- Year Built
2009
- Building Size
4,303 SF
- Lot Size
0.85 Ac
- APN
146089-152-120-0002-003-100
- Zoning
B2
Highlights
• Absolute NNN Ground Lease with 10% increases • Investment Grade Credit • Low Rent • Deposits at this branch are over $238,000,000 • Drive-thru • Almost 20,000 VPD ,Pylon Sign • Frontage 81’ on Union Road
Description
This well-located Key Bank drive-thru branch is in the city of Orchard Park just 3½ miles from Highmark Stadium, home of the Buffalo Bills. Priced at $1,520,000 with an attractive 7.01% CAP rate, this property offers a corporate absolute NNN ground lease ideal for potential long-term benefits. The site is surrounded by retail, commercial, and residential uses, including Lowe's, Walgreen's, CVS, McDonalds, Wendy’s and more. The original 20-year term has approximately 5 years left with four 5-year options. Rental increases during the primary term and options are 10% every 5 years. This property boasts a stable tenant profile, investment grade credit, almost 20,000 VPD as well as promising demographics with an average annual household income exceeding $100,000. Additionally, the FDIC reports deposits at this branch are over $238,000,000.