90 Campbell RdSchenectady, NY 12306

This exceptional investment opportunity presents a fee-simple, single-tenant Burger King property located at 90 W Campbell Rd, Schenectady, NY 12306. The 2,800 square foot building, constructed in 2000 and renovated in 2020 to the "20/20 Design," sits on a hard-corner lot with excellent visibility, boasting over 20,400 vehicles per day. The property benefits from a 15-year Absolute NNN lease, commencing January 1, 2020, and expiring December 31, 2034, with over 10 years remaining and four, 5-year renewal options. The lease includes 10% rent bumps every five years, offering inflation protection. The tenant, a credit-rated franchisee with a corporate guarantee (Carroll's Corp, as of 5/16/2024), ensures consistent income. The property's strong financials include a 6.75% cap rate and a Net Operating Income (NOI) of $142,781. The location is highly desirable, situated directly across from Rotterdam Square Mall and within a 5-mile radius of over 124,694 residents with an average household income exceeding $92,066. This stabilized investment offers a compelling combination of strong tenant, favorable lease terms, and a prime location. The property is zoned commercial and features one story in a single building. APN: 422800 38.18-2-1.1. Asking price: $2,115,274.