Tim Hortons

4760 West Henrietta Road, Henrietta, NY 14467

$1,828,000

Cap Rate 5.75%

Views: 72 DOM: 106 Updated: 07.04.24 Posted: 04.12.24 Status: Active

Summary

Price $1,828,000	Built/Renov 2002	Tenant Tim Hortons
Cap Rate 5.75%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 2,820	Lease Start 06-01-2019	#Units 5,833
Price/SF $648.23	Expiration 05-31-2039	Tenant Type Fast Food/QSR
NOI $105,066	R. Term 14.10	Ownership Fee Simple
Rent/SF $37.26	Increases 2.5%/1/yrs	Pop 5Mi 77,169
Lot/AC 1.19	Options 2/5yrs/2.5%	AHHI 5Mi $95,404

Lease Highlights

Tim Hortons has 15 years remaining on the current lease term with 2 (5-year) options to extend
The lease features 2.5% annual rental escalations throughout the initial term and option periods
Can be purchased separately or together as a portfolio with Rochester property
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Tim Hortons is strategically located at the signalized, hard-corner intersection of W Henrietta Rd and Lehigh Station Rd, with access to a robust combined daily traffic count of 47,900 vehicles. The property features multiple modes of ingress and egress and is positioned less than one-half mile from Exit 12A of Interstate 390, a prominent north-south auxiliary Interstate Highway (84,800 VPD)....

...

Key Features

Signalized intersection
Hard corner intersection
Dense retail corridor
Near major nationals
Top 100 MSA
Affluent suburb location
Long 15+ yr lease
Absolute NNN
Traded and rated company
Corporate Guarantee

...

Links

Tim Hortons Wikipedia Tim Hortons Wikipedia Henrietta, New York Zip Code 14467 Broker Site Page Drone Video (Vimeo)

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Tim Hortons
Guarantor:Corp T and Rated
Company:Restaurant Brands International, Inc.
# Units:5,833
Tenant S&P: BB
Stock: NYSE: QSR

About Tenant

Tim Hortons, Inc., commonly known as Tim’s or Timmies, is a Canadian multinational fast food restaurant chain. Their restaurants serve coffee, doughnuts, and other fast food items, and are...

...

Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	2,987	36,985	77,642
2023 Total Population :	3,049	36,300	77,169
2023 Employed Civilian Pop :	1,557	17,099	36,503
2023 Total Businesses :	193	1,572	3,732
2023 Average Household Income :	$ 89,017	$ 85,082	$ 95,404
2023 Total Consumer Spending :	$ 84 M	$ 946 M	$ 2349 M
2023 Median Age :	39	30	33
2023 Total Households :	1,098	12,821	28,418
2023 Pop Age 25+: Bachelor's Degree :	588	5,799	12,578
2023 Average Home Value :	$ 213,575	$ 208,861	$ 235,066

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Lehigh Station Road	I- 390	2018	26,304	0.15 mi
Lehigh Station Road	Middle Rd	2021	22,012	0.23 mi
	Crystal Valley Overlook	2021	241	0.30 mi
	Vollmer Pkwy	2021	121	0.30 mi
	Kenneth Dr	2021	11,487	0.37 mi
	W Henrietta Rd	2021	3,083	0.39 mi
Genesee Expressway		2018	37,679	0.40 mi
I- 390	Lehigh Station Rd	2008	40,098	0.40 mi
	I- 90	2021	9,818	0.42 mi
	Lehigh Station Rd	2021	6,409	0.42 mi

Listing Broker

Marc Mandel

Forged Real Estate

Contact

28 Listings
2457 Views
6 Sold

Steve Schrenk

Forged Real Estate

Contact

27 Listings
2441 Views
6 Sold

Marc Mandel

Marc Mandel is the co-founder and Managing Principal of Forged Real Estate. Marc has over 18 years of experience in the commercial real estate industry and currently leads the team at Forged Real Estate with a focus on single-tenant, sale-leaseback, and small shopping center investment advisory services throughout the country. He has completed over 820 transactions throughout his career with a value of approximately $1.6 billion. Prior to founding Forged Real Estate, Marc previously was one of

...

Steve Schrenk

Steve Schrenk is the co-founder and Principal of Forged Real Estate. Steve specializes in the acquisition and disposition investment advisory services of single-tenant and multi-tenant net lease properties, sale-leasebacks, and small shopping centers throughout the country. Since 2018, Steve has been involved in 300+ transactions totaling over $1 billion in total volume. Steve is a knowledgeable real estate professional with years of experience who prides himself on the team’s client centric an

...

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT