1930 Niagara Falls Blvd - Bank FOR SALE


Tonawanda, NY 14150- Green Acres North
$1,865,000 USD
440-915-7902
1930 Niagara Falls Blvd, Tonawanda, NY for Sale
$1,865,000 USD
Bank - FOR SALE
1/9
null | 5.85% Cap Rate

1930 Niagara Falls Blvd
Tonawanda, NY 14150
Green Acres North


HIGHLIGHTS

  • Investment Grade (S&P “BBB”), Zero Management Asset: Below Market Rents ($16.05/S.F.) on Abs NNN Lease with KeyBank (NYSE: KEY) | 950 Branch Locations
  • High Deposits!! Top 6% Across All KeyBank Locations in the U.S. w/ 10% Rental Increase in 2028: Offering Income Growth & Will Taking CAP Rate to 6.44%
  • 2025, Tenant Self-Funded, Complete Interior/Exterior Remodel: with Early Lease Option Extension That Starts in 2028 with No LL Concessions
  • Strategically Location: Sitting on Oversized 3.27 Acre Parcel Site off the Main Retail Corridor with 5 Drive-Thru Lanes Included
  • Signalized Corner Location & Extremely High Traffic: Over 51,000 Vehicles Per Day Directly in Front of Site and Just off I-290 with 200,000+ VPD
  • Strong Demographics: High Population Density: 101k+ in 3-Mile Radius & $275K+ in a 5-Mile Radius with Average Incomes of $103k+

OVERVIEW

• Investment Grade (S&P “BBB”), Zero Management Asset with Below Market Rents ($16.05/S.F.): Absolute NNN Lease with KeyBank (NYSE: KEY) • High Deposits!! Top 6% Across All KeyBank Locations in the United States • 10% Rental Increase in 2028, Offering Income Growth & Will Take the CAP Rate to 6.44% Based on Asking Price • KeyBank: One of the Nation’s Largest Bank-Based Financial Services Companies with 950+ Branch Locations Across 15 States, 17,000+ Employees, Reporting Record Revenue of $7.5 Billion in 2025 (Up 16% Year-Over-Year) • 2025, Tenant Self-Funded, Complete Interior/Exterior Remodel and Early Lease Option Extension That Starts in 2028 with No LL Concessions • Strategically Located on Main Retail Corridor Sitting on Oversized 3.27 Acre Parcel Site with 5 Drive-Thru Lanes Included • Signalized Corner Location with Extremely High Traffic of Over 51,000 Vehicles Per Day and Just off I-290 with 200,000+ Vehicles Per Day • Tenured Tenant with Continual Lease Extensions Signed Since 1978, Demonstrating Success and Commitment to Location • Strong Demographics: High Population Density with over 101,000 People in 3-Mile Radius and Reaching over 275,000 in a 5-Mile Radius, with Average Household Incomes of $103,000 • Dominant Retail Corridor: Immediate Vicinity of Boulevard Consumer Square, Boulevard Mall, Target, ULTA Beauty, Walmart, Home Depot, Trader Joe’s, Starbucks, Chick-fil-A and Numerous National Retailers, Restaurants, and Service Providers • Strong Educational Foundation: Direct Access to the University at Buffalo (2 Miles Away & Largest Public University in New York with ~34,000 Students & Faculty), Buffalo State University (~8,000+ Students & Faculty), Daemen University, Canisius University and Erie Community College (~10,000 Students & Faculty), Supporting a Highly Educated Workforce and Stable Population Base • Heavy Concentration of Major Employers with Close Proximity to Downtown Buffalo & Niagara Falls: M&T Bank Corporate (~22,000 Employees Company-Wide), Kaleida Health (~10,000 Employees System-Wide), Catholic Health System (~10,000 Employees System-Wide), Kenmore Mercy Hospital (~1,500 Employees, 184 Beds), Delaware North Global HQ (~425 Employees), and Rich Products Global HQ (~13,000 Associates Worldwide) • Approximately 10 Miles to Buffalo Niagara International Airport and Conveniently Positioned Between Downtown Buffalo and Niagara Falls, Providing Access to Major Employment Centers, Tourism Destinations and Regional Transportation Infrastructure • Strong Local Schools: Tonawanda Middle/High School Routinely Ranked by U.S. News & World Report as a Top High School in the Buffalo-Niagara Metro Area

FOR SALE DETAILS

PRICE

$1,865,000 USD

PRICE/SF

$280 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

STNL KeyBank (S&P "BBB")Top 6% Deposits in US

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

87

LAND DETAILS

LAND ACRES

3.27 AC

LAND SF

142,441 SF

ZONING

C

APN/PARCEL ID

146489-054-230-0004-003-000

ASK ABOUT THIS PROPERTY

Dan CooperCooper Commercial Investment GroupMore Info
440-915-7902

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Dan CooperCooper Commercial Investment GroupMore Info
440-915-7902

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.