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2000 Kensington Ave
Amherst, NY 14226
CVS- New 20 Year Term- No Rent Holiday · Retail Property For Sale
Investment Highlights
- Corporate Backed Long Term Lease – CVS signed a new 20 year lease underscoring their long term commitment to the site
- BBB Credit Rating by Standard & Poor’s – Tenant is publicly traded on the NYSE and reported annual revenues in excess of $266 billion in 2020
- Approximately 15 Minutes from Downtown Buffalo – Over 143,000 residents within a three mile radius
- Absolute Net Lease Structure – Zero landlord responsibilities for operating or capital expenses
- Positioned Just North of Sisters of Charity Hospital – 119 bed facility specializing in short term acute care
- Hard Corner Location with Drive-Thru – Combined daily traffic counts exceed 30,100 vehicles
Property Facts
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,085 SF
Building Class
B
Year Built
2006
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
1.46 AC
Zoning
GB
Parking
30 Spaces (2.48 Spaces per 1,000 SF Leased)
Frontage
93’ on Kensington Ave
Amenities
- Drive Thru
Property Taxes
| Parcel Number | 142289-080-130-0009-016-200 | Improvements Assessment | $3,190,000 |
| Land Assessment | $980,000 | Total Assessment | $4,170,000 |
Property Taxes
Parcel Number
142289-080-130-0009-016-200
Land Assessment
$980,000
Improvements Assessment
$3,190,000
Total Assessment
$4,170,000
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