For Sale
$249,900

5685 Mckinley PkwyHamburg, NY 14075

Profitable Restaurant, Net Lease, Strong Tenant

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional investment opportunity presents a 918-square-foot retail space currently operating as a successful Chinese fast-food restaurant, Ginger & Garlic, located at 5685 McKinley Parkway in Hamburg, NY, 14075. The property, built in 1965, sits on an 8,100-square-foot lot and includes 8 parking spaces. The asking price is $249,900, translating to $272.22 per square foot. The property is classified as Class C and zoned for business use. The current lease is a gross lease with a single tenant currently occupying 100% of the space. The lease expires on December 31, 2024, with a remaining term of approximately 0.1 years. A five-year lease option exists with built-in annual rent increases. The tenant, who desires to remain, is responsible for their own utilities, garbage, and water. This net lease investment offers a strong, established tenant and the potential for continued rental income growth. The property's location adjacent to the Hamburg Fair Grounds provides excellent visibility and accessibility. This is a rare opportunity to acquire a profitable, established business with a reliable tenant and significant upside potential.

Highlights

  • 918-square-foot retail space in Hamburg, NY, currently leased to Ginger & Garlic, a Chinese fast-food restaurant.
  • Located at 5685 McKinley Parkway, Hamburg, NY 14075, on an 8,100-square-foot lot with 8 parking spaces.
  • Asking price: $249,900 ($272.22/SF).
  • Class C building, business zoning, gross lease with a single tenant.
  • Lease expires December 31, 2024, with a five-year option and built-in rent increases; tenant pays utilities, garbage, and water.
  • Excellent visibility and accessibility adjacent to the Hamburg Fair Grounds.

Property Details for 5685 Mckinley Pkwy

Property type
Retail properties, Restaurants
Square Feet
918 SF
Class
C
Year Built
1965
Units
1

Location Insight

City
Hamburg
County
Erie
State
New York
Latitude
42.7326263
Longitude
-78.812517
5685 Mckinley Pkwy, Hamburg, New York

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5685 Mckinley Pkwy
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