3450 Union Rd - Freestanding FOR SALE


Buffalo, NY 14225- Cheektowaga
$1,750,000 USD
716-852-7500
3450 Union Rd, Buffalo, NY for Sale
$1,750,000 USD
Freestanding - FOR SALE
1/3
null | 6.29% Cap Rate

3450 Union Rd
Buffalo, NY 14225
Cheektowaga


HIGHLIGHTS

  • Absolute NNN Ground Lease
  • 10% rent increase every 5 years
  • Third busiest intersection in Buffalo MSA: Traffic counts at Walden/Union Intersection are 27,734/29,190

OVERVIEW

As exclusive agent, Cushman & Wakefield | Pyramid Brokerage Company is pleased to present the opportunity to acquire this long-term absolute NNN ground lease with WellNOW Urgent Care located at 3450 Union Road in Cheektowaga, NY (“The Property”) – a 3,200 square foot retail property located on 0.49 acres. This single tenant building was constructed in 2019 by WellNOW, which is in year seven (7) of a twenty (20) year lease with an additional four (4) five (5) year options. The property is next door to the strongest performing regional mall in WNY, a ten-minute drive from downtown Buffalo, and located at one of the busiest intersections in WNY. The site has excellent accessibility with multiple points of ingress-egress and is proximate to I-90. This offering provides a unique opportunity for investors to purchase a passive investment with stable cash flow with a committed tenant and annual rental increases.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$547 USD /SF

CAP RATE

6.29%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

WellNOW Urgent Care

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

05C

APN/PARCEL ID

143089-102-020-0001-024-000

ASK ABOUT THIS PROPERTY

Lucian IssaCushman and Wakefield/Pyramid Brokerage CompanyMore Info
716-852-7500

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Lucian IssaCushman and Wakefield/Pyramid Brokerage CompanyMore Info
716-852-7500

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