12208 Olean Rd
Yorkshire, NY 14173
Recently Executed 10+ Year Rite Aid Lease · Retail Property For Sale

Pharma Property Group has been retained as exclusive agent and is pleased to offer investors the opportunity to acquire a Rite Aid in Yorkshire, NY. This asset is available for purchase and operates on a double net lease basis with 10 years remaining, with 1 (five-year) option to follow. Rite Aid recently executed a 10 year, 3 month lease showing commitment to this location. Landlord is responsible for roof and structure. The subject property is located on the main thoroughfare through Yorkshire. Retail tenants within a 1-block radius include Big Lots, Save-a-Lot, Pizza Hut, Five Star Bank, Community Bank, Walgreens, Mobile, and 7-Eleven. The property is located at the signalized corner of Route 16 (Olean Road - 13,257 vehicles per day) and Main Street (16,703 vehicles per day) with a combined traffic count of 29,960 vehicles per day. The closest freeway is the Southern Expressway with approximately 12,233 vehicles per day. Yorkshire is a suburb approximately 43 miles southeast of Buffalo, the second largest city in the state which lies along the shores of Lake Erie in Erie County, New York. Buffalo sits along the border to Canada near Niagara Falls and the Erie Canal which connects Lake Erie and Lake Ontario through the Niagara River, making Buffalo a major gateway for commerce and tourism. Yorkshire is located in Cattaraugus County and is part of the Buffalo-Niagara Falls Combined Statistical Area that includes three western counties in New York and has a population of approximately 1.2 million residents.