IHOP Absolute NNN Ground Lease Restaurant New York

Sands Investment Group is Pleased to Present Exclusively For Sale the 4,022 SF IHOP Absolute NNN Ground Lease Property Located at 50 Thruway Plaza Drive in Cheektowaga (Buffalo), New York. This Opportunity Includes an Absolute Triple Net (NNN) Ground Lease With Zero Landlord Responsibilities, Providing For a Secure Investment.

• Absolute Triple Net (NNN) Ground Lease With No Landlord Responsibilities
• Lease Guaranteed By IHOP Corp., a Subsidiary of Dine Brands Global (NYSE: DIN), Which is a Publicly Traded Food and Beverage Company Founded in 1958 as IHOP
• Located at Entrance to Thruway Plaza, Which is a 402,000 SF Shopping Center Located at the Heart of the Largest Concentration of Retail in the Greater Buffalo Market
• Tenant Has Remained in the Same Location For 20 Years, Since 2001, Showing Commitment to the Site
• Less Than 5 Minutes Away From the Walden Galleria; Walden Galleria is the Areas Largest Destination For Shopping, Dining and Entertainment With 200 Retail Stores
• Densely Populated Market With Over 109,308 Residents Within a 3-Miles Radius
• Good Visibility on Walden Avenue Which Sees Over 34,749 Vehicles Per Day
• Located Less Than a Half a Mile (<5 Minutes) From Interstate 90 With Traffic Counts Exceeding 130,000 Vehicles Per Day
• Located 9-Miles From SUNY Buffalo State College With Over 8,300 Students
• Surrounding Tenants Include: Home Depot, Target, Chick-fil-A, Starbucks, Planet Fitness, ALDI, Burger King, Dollar Tree, TOPS Friendly Markets, Citi Trends, M&T Bank and More

In Cooperation With SIG RE Services NY LLC Lic. # 10991233211 BoR: Andrew Ackerman – Lic. # 10491210161

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Sands Investment Group is Pleased to Present Exclusively For Sale a Recently Renovated Checkers Ground Lease Opportunity Located in Buffalo, New York. With Over 5 Years Remaining on an Absolute Triple Net (NNN) Ground Lease With Exceptionally Strong Sales and a Low Rent Per Square Foot, This Opportunity Provides For Secure Passive Income From an Established Tenant Located Within an Infill Market.

• Low Rent on an Absolute Triple Net (NNN) Ground Lease With Zero Landlord Responsibilities
• Extremely Strong Sales of Nearly $1,700 Per Square Foot and the Sales Have Increased in 2020 By 14% Year Over Year
• This is a COVID-19 Resistant Business Operating as a Drive Thru Only
• Checkers Has Paid its Full Rent Throughout the Pandemic
• Franchisee Was Named “Franchisee of the Year” at the Checkers and Rally’s Annual Conference in 2017
• Seasoned Operator With Multiple Units
• Located Along Elmwood Avenue Which Sees Over 29,300 Vehicles Per Day
• Strong Demographics – Population Exceeds 326,814 Residents Within a 3-Mile Radius
• Located Less Than 2-Miles From SUNY Buffalo State College With Over 8,000 Students
• Nearby Tenants Include: Home Depot, PetSmart, Target, LA Fitness, McDonalds, ALDI, Starbucks, Big Lots, Dollar Tree, Kohl’s and Many More

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• 20 Year Absolute NNN Ground Lease
• 10% Increases Every 10 Years
• Adjacent to I-45 Connecting Dallas and Houston
• Highway Visible 120 ft. Sign
• Below Market Ground Rent