437 Tonawanda St - Convenience Store FOR SALE


Buffalo, NY 14207- Black Rock
$1,500,000 USD
561-602-8390
437 Tonawanda St, Buffalo, NY for Sale
$1,500,000 USD
Convenience Store - FOR SALE
1/12
null | 7.5% Cap Rate

437 Tonawanda St
Buffalo, NY 14207
Black Rock


HIGHLIGHTS

  • Corporate Guaranteed Double Net Lease
  • Long-Term Lease with Renewal Options
  • Corporate-Funded Store Remodel
  • Less Than ½ Mile from Interstate 190
  • Exceptional Trade Area Demographics
  • Dense Urban Infill Location

OVERVIEW

The Twist Capital Team of Colliers is pleased to present for sale a freestanding, single-tenant Dollar General located at 437 Tonawanda Street in Buffalo, New York. The property sits on a 1.22 acre infill parcel less than half a mile from the Niagara Thruway (Interstate 190) and roughly five miles from downtown Buffalo. The 10,050 square foot building is fully occupied under a corporate guaranteed double net lease with Dollar General (NYSE: DG). In September 2021, the tenant executed a seven-year extension that pushed the primary term out to July 31, 2030 and confirmed three (3) successive five-year renewal options at scheduled increases. Roughly four years of base term remain, followed by fifteen years of optional term at higher rents. The tenant further demonstrated long-term commitment by obtaining an on-site liquor license in 2019 and has now committed to a corporate-funded remodel of the store commencing in August 2026. The scope includes new fixtures, registers, self-checkout, floor work, and added refrigeration. Capital reinvestment of this kind is a meaningful signal that this is a sticky location within the Dollar General portfolio, not a store the tenant is positioning to vacate at lease end. What sets this offering apart is the demographic profile. The five-mile trade area contains 298,574 residents and 327,913 daytime population, with 134,217 residents and 137,921 daytime population within just three miles. These figures sit well above the typical Dollar General trade area, which generally serves small-town and rural markets of 5,000 to 15,000 people. This is dense, urban infill dirt with deep daily needs demand that simply does not get built today. Investment highlights 298,574 residents and 327,913 daytime population within a five-mile radius, well above the typical Dollar General trade area profile Dense, urban infill location five miles from downtown Buffalo in a built-out residential and commercial corridor Two miles from State University of New York at Buffalo State College, serving over 8,000 students Tenant invested in an on-site licensed liquor premise in 2019, demonstrating long-term commitment to the location Tenant has committed to a corporate-funded store remodel commencing August 2026, including new fixtures, registers, self-checkout, and refrigeration. Less than one-half mile from Interstate 190 (Niagara Thruway) with 72,612 vehicles per day Twenty-minute drive to Niagara Falls, one of the most visited tourist destinations in North America

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$149 USD /SF

CAP RATE

7.5%

% LEASED

100%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rare 298,574 Population 5 mile DG 7.50 Cap

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.22 AC

LAND SF

53,143 SF

ZONING

Retail

APN/PARCEL ID

140200-088-260-0004-025-120

ASK ABOUT THIS PROPERTY

Christopher TwistColliersMore Info
561-602-8390

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Christopher TwistColliersMore Info
561-602-8390

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