- Triple Net Lease - Landlord Responsible For Roof & Structure
- Corporate Guarantee - S&P AA-
- Approximately Three Years Remaining On Lease
- Close To Downtown Buffalo
This investment consists of a single tenant convenience store leased to 7-Eleven. The lease was first signed in 1994 but was extended and currently is leased through 3/31/2020. The tenant has four remaining option terms, originally six but 7-Eleven has exercised two thus far.
The structure of the lease is NNN whereas the tenant is responsible for all taxes, insurance, common area maintenance. Landlord is responsible for replacement (including roof and structure).