Scott Merkle - Commercial Real Estate Showcase

Scott Merkle Property Listings
Stan Johnson Company
180 Madison Ave
Suite 1500
New York, NY 10016-5267


DetailMap
1650 Walden Avenue - Raymour & Flanigan

Cheektowaga, NY 14225-4914 - East Submarket


Property Type:Retail Sub Type:- Status:Existing , Renov 1998 Year Built:1985
Building Size:83,362 SF Land Area:7 AC (304,920 SF)
For Sale Price:$11,500,000 Price/SF:$137.95
Cap Rate:7.00 %


Property is located in Western New York's strongest retail district on Walden Ave., just off the New York State Thruway interchange (Exit 52), less than one mile west of Walden Galleria, the largest regional mall in Western New York which is anchored by Macy's. Sears, JCPenney, Lord & Taylor and Dick's Sporting Goods. Substancial traffic volumes through this corridor, with more than 120,600 cars traveling the NYS thruway daily and Walden Ave. providing a major east/west thoroughfare from Cheektowaga to the City of Buffalo. 40 square feet of prominent pylon sign space is available to provide outstanding visibility along Walden Ave.

Sale Notes:
Stan Johnson Company is pleased to offer for sale to qualified investors, the
opportunity to purchase a retail property located at 1650 Walden Avenue,
Cheektowaga (Buffalo), NY 14225 (the “Property”).
The Property is +/- 83,362 square feet on 7.0 acres and offered under a
proposed new 10-year master lease to Raymour & Flanigan, with a sub-tenancy
to Lumber Liquidators. The lease features a NNN structure, including rental
increases and extension options.
Raymour & Flanigan is a conservatively-run family business founded 70 years
ago. The Company is currently the 4th largest conventional furniture store in
the United States.

Stan Johnson Company
Scott Merkle
(646) 778-5560

Peter Paladino
(646) 845-8430

John Rotunno
(646) 778-5560

  
Stan Johnson Company
Rowland Yang
(415) 293-7730




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