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10 Young St
Tonawanda, NY 14150
Walgreens Buffalo NY $2.0M 7.25% CAP · Retail Property For Sale
Investment Highlights
- STABLE INCOME - Income guaranteed by Walgreens Corporation (S&P BBB-) investment grade Fortune 500 Company with over 9,200 locations.
- SOLID REAL ESTATE FUNDAMENTALS - Low price point, a modest price of $148 per square foot and a rent per square foot of $10.78.
- NEAR UNIVERSITY AT BUFFALO - University at Buffalo is the largest public university in the SUNY system with over 30,648 students.
- RECENTLY EXERCISED OPTION – Recently exercised option showing commitment to this location, 6.5 yrs of term remaining with 3 (5 yr) options.
- NEAR DEGRAFF MEMORIAL HOSPITAL - Degraff Memorial Hospital is over a mile away and is an 80-bed facility, part of the Kaleida Health system.
- SOLID DEMOS WITH OVER 196K RESIDENTS IN 5 MI RADIUS - Located 10 mi N of downtown Buffalo and HH income of $72,314 in a 5 mile radius.
Property Facts
Property Type
Retail
Property Subtype
Building Size
13,905 SF
Building Class
C
Year Built
1996
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.90 AC
Zoning
C
Parking
50 Spaces (3.6 Spaces per 1,000 SF Leased)
Frontage
149’ on Young St
Amenities
- Pylon Sign
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 141600-039-460-0007-005-200 | Improvements Assessment | $1,624,000 |
| Land Assessment | $116,000 | Total Assessment | $1,740,000 |
Property Taxes
Parcel Number
141600-039-460-0007-005-200
Land Assessment
$116,000
Improvements Assessment
$1,624,000
Total Assessment
$1,740,000
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