3760 Union Rd - Freestanding FOR SALE


Cheektowaga, NY 14225
$2,145,000 USD
440-915-7902
3760 Union Rd, Cheektowaga, NY for Sale
$2,145,000 USD
Freestanding - FOR SALE
1/10
null | 8% Cap Rate

3760 Union Rd
Cheektowaga, NY 14225


HIGHLIGHTS

  • Ideal, Low Management Asset for Passive Investor: NNN Structure with Tenant Handling All On-Site Maintenance Directly
  • Prominent, High Traffic Directly In Front Buffalo’s Premier Shopping Destination, Walden Galleria: 1.6 Million S.F. of Premium Retailers/Rest. & Ent.
  • Highly Attractive 8.00% CAP Rate at Low Price Point & Annual 2.5% Rental Increases Through Current Term and Renewals, Generating NOI Growth
  • Pharmacann, Inc.: Founded in 2014, One of the Country’s Largest Vertically Integrated Cannabis Companies with 56+ Locations in 6 States
  • 2024 Renovation: Tenant Completed Modern Interior Remodel/Buildout and Design, Along with Parking Lot Reseal/Stripe and New Roof (20 Year Warranty)
  • Strong Demographics: Buffalo’s 2nd Largest Suburb: Average Household Incomes of Approx. $88,000 & High Population Density, 295k+ Residents in 5 Miles

OVERVIEW

• Ideal, Low Management Asset for Passive Investor: NNN Lease Structure with Tenant Handling All On-Site Maintenance Directly • Prominent, High Traffic Location Directly In Front of Buffalo’s Premier Shopping Destination, Walden Galleria: 1,600,000 S.F. of Premium Retailers/Restaurants and Entertainment: Lego Store, Dave & Busters, Regal 4DX Cinemas, Apple, lululemon, Urban Outfitters and Hundreds More • Highly Attractive 8.00% CAP Rate at Low Price Point • Annual 2.5% Rental Increases Through Current Term and Renewals, Generating NOI Growth • Pharmacann, Inc.: Founded in 2014, One of the Country’s Largest Vertically Integrated Cannabis Companies in 6 States, Providing Safe, Reliable, Top-Quality Cannabis Products • 2024 Renovation: Tenant Completed Modern Interior Remodel/Buildout and Design, Along with Parking Lot Reseal/Stripe and New Roof (20 Year Warranty) • Strong Demographics in Buffalo’s 2nd Largest Suburb: Average Household Incomes of Approx. $88,000 and High Population Density of 295,000+ Residents Within 5-Miles • Prime Corner, Signalized Location with 5.75 Yrs. of Term Remaining: Strong Operator with Separate Corporately Backed Guaranty • Signalized Corner Location at Union Road and Galleria Drive (42,000+ VPD) with High Visibility Pylon Signage at the Corner, Double Lane Drive-Thru and Easy Access to I-90 (133,970+ VPD) • Additional Retail Corridor Across Union Road with Loads of Complimentary Retailers: Sam’s Club, FunCity Adventures, Walmart Supercenter Texas Roadhouse, Union Road Plaza, Sonic Drive-In and Moe’s Southwest Grill • Direct Route to Downtown Buffalo (10 Miles) from Eastern Suburbs • Immediate Vicinity of Buffalo-Niagara International Airport (2.5 Miles) and 7 Miles to The University of Buffalo with 31,500 Students and Over 3,000 Employees • Cheektowaga is Home to SUNY Empire State College (10,425 Students and Over 1,300 Academic Staff) and Villa Maria College (550 Students and Approximately 250 Academic Staff) • Adjacent to Cheektowaga Central High School and Union East Elementary School • Heavy Concentration of Major Employers Positioned 10 Miles to Downtown Buffalo & 25 Miles to Niagara Falls: Kaleida Health (8,194 Employees), Catholic Health System (7,368 Employees), M&T Bank Corporate (7,013 Employees), Roswell Park Institute (3,239 Employees), Geico Insurance (3,200 Employees) and One of the Top Attractions for Tourism, the Seneca Niagara Casino & Hotel (25 Miles), Employing Over 3,000

FOR SALE DETAILS

PRICE

$2,145,000 USD

PRICE/SF

$577 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8% CAP | NO Daily Mgmt. Outlot Premier Retail

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Freestanding, Storefront, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

CROSS STREETS

Galleria Dr.

LAND ACRES

0.56 AC

LAND SF

24,394 SF

ZONING

05C

APN/PARCEL ID

143089-102-020-0001-009-131

ASK ABOUT THIS PROPERTY

Daniel CooperCooper Commercial Investment GroupMore Info
440-915-7902

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

Daniel CooperCooper Commercial Investment GroupMore Info
440-915-7902

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