973 Hertel Ave - Freestanding FOR SALE


Buffalo, NY 14216- North Delaware
$1,260,022 USD
781-776-4006
973 Hertel Ave, Buffalo, NY for Sale
$1,260,022 USD
Freestanding - FOR SALE
1/6
null | 6% Cap Rate

973 Hertel Ave
Buffalo, NY 14216
North Delaware


HIGHLIGHTS

  • Long-Term Occupancy
  • Rent Increases
  • Corporate Lease
  • Minimal Landlord Responsibilities
  • Recession & E-Commerce Resistant Tenant
  • High Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee simple interest in a Gerber Collision & Glass located at 973 Hertel Avenue in Buffalo, New York (the “Property”). Gerber Collision & Glass has been at this location for 6+ years and has 15+ years remaining on their lease with three (3), 5-year renewal options. The lease features attractive rent increases every 5-years throughout the primary lease term and at the start of each renewal option. Gerber Collision & Glass is strategically located along Hertel Avenue, one of the area’s primary east-west commercial and commuter corridors. The Property offers convenient access to area retailers and restaurants, municipal offices, industrial and manufacturing parks, and area employers, all of which drive traffic to the area. Gerber Collision & Glass is surrounded by densely developed residential neighborhoods that provide a built-in customer base. The Property is 1.4 miles from Buffalo State University, 3 miles from a massive General Motors facility, and is within 4 miles of three area hospitals (Buffalo General Hospital, ECMC Health Hospital and the VA WNY Hospital). Additionally, the Property offers convenient access to NY Routes 5, 33, 198, and 265 and Interstates 90, 190 and 290.

FOR SALE DETAILS

PRICE

$1,260,022 USD

PRICE/SF

$116 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Gerber Collision & Glass

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

-

APN/PARCEL ID

140200 78.70-4-1.1

ASK ABOUT THIS PROPERTY

Matthew NadlerHorvath & TremblayMore Info
781-776-4006

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Matthew NadlerHorvath & TremblayMore Info
781-776-4006

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