Family Dollar | Urban Infill Location | 22K± Residents within 1-Mile

1756 Genesee Street Buffalo, NY 14211

1756 Genesee Street, Buffalo, NY, 14211
Subject
1756 Genesee Street, Buffalo, NY, 14211 1756 Genesee Street, Buffalo, NY, 14211
FOR SALE
Property Type:
Single Tenant Retail (NNN)
Amount:
$2,295,000
Cap Rate:
6.06%
Last Verified:
Apr 13, 2022
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Description

Subject offering fee-simple ownership interest in a recently constructed, net-leased Family Dollar located in Buffalo, NY.​ The Subject operates under a corporately-guaranteed, 'double-net' lease with approx.​ seven (7) years remaining in the base term and containing six (6) successive option periods of five (5) years each.​ Each option period also contains a 5% rental rate increase.​ The immediate area also boasts favorable demographics that are inline with the discount store’s target market & investment strategy.​ ​[NYSE: DLTR] ​*New York BoR: Balkan Realty License # 109915804

Highlights

  • ​S&P Investment Grade 'BBB' Tenant - Corporate-Guaranteed, Double-Net Lease
  • Urban Infill Location Servicing 22,930± within 1-Mile Radius
  • ​Newer 2019 Construction with Direct Frontage to Genesee Street
  • ​Each Lease Renewal Option(s) Include 5% Rental Escalations
  • ​Favorable Client-Base Demographics | 2nd Largest City in the State of NY

  • Additional URLs

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