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1750 Genesee St
Buffalo, NY 14211
FAMILY DOLLAR · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 2019 build-to-suit construction for Family Dollar
- Corporately guaranteed lease
- Traffic counts in excess of ±27,000 vehicles daily at the intersection of Genesee St & Bailey Ave
- ±5.25 Years remaining on an initial 10-Year
- Six, 5-Year renewal options all of which includes 5% increases in options
- Dark building – Family Dollar is still paying rent and a new owner has the ability to negotiate a buyout and re-tenant the property.
EXECUTIVE SUMMARY
Broker of Record
Cory Rosenthal
License No. 10991237833 (NY)
(866) 899-0550
Matthews Real Estate Investment Services, Inc.
1600 West End,
Ste. 1500 Nashville, TN 37203
Cory Rosenthal
License No. 10991237833 (NY)
(866) 899-0550
Matthews Real Estate Investment Services, Inc.
1600 West End,
Ste. 1500 Nashville, TN 37203
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,108 SF
Building Class
C
Year Built
2019
Price
$1,738,170
Price Per SF
$190.84
Cap Rate
8%
NOI
$139,054
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.98 AC
Zoning
N-3E Mixed-Use/Edge
Parking
29 Spaces (3.18 Spaces per 1,000 SF Leased)
Frontage
262’ on Genesee St
AMENITIES
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 140200 101.40-3-32.1 | Improvements Assessment | $1,057,000 |
| Land Assessment | $43,000 | Total Assessment | $1,100,000 |
PROPERTY TAXES
Parcel Number
140200 101.40-3-32.1
Land Assessment
$43,000
Improvements Assessment
$1,057,000
Total Assessment
$1,100,000
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