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2015 Walden Ave 24,767 SF 100% Leased Retail Building Cheektowaga, NY 14225 $6,500,000 ($262.45/SF) 7.85% Cap Rate
Investment Highlights
- 100% occupied (Cycle Gear, DXL, LongHorn Steakhouse)
- Established Prime High Traffic Location
- #1 LongHorn Steakhouse in NY
Executive Summary
The subject property is a 24,767-square-foot, 100 percent leased strip center offering investors reliable in-place cash flow supported by a durable tenant base.
The center is well-located just off Interstate-90 (121,437 vehicles per day) and across the street from the 1,600,000 square foot Walden Galleria Mall and across from the 94,164 square foot Cabela’s + Burlington Stores. It has excellent frontage and visibility on the Walden Avenue retail corridor with strong traffic counts of 37,427 vehicles per day.
The center is well-located just off Interstate-90 (121,437 vehicles per day) and across the street from the 1,600,000 square foot Walden Galleria Mall and across from the 94,164 square foot Cabela’s + Burlington Stores. It has excellent frontage and visibility on the Walden Avenue retail corridor with strong traffic counts of 37,427 vehicles per day.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
24,767 SF
Building Class
B
Year Built
1995
Price
$6,500,000
Price Per SF
$262.45
Cap Rate
7.85%
NOI
$510,425
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
2.40 AC
Zoning
05C - Retail business
Parking
84 Spaces (3.39 Spaces per 1,000 SF Leased)
Frontage
159’ on Walden Avenue
Amenities
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 143089-102-040-0001-018-000 | Total Assessment | $2,750,000 (2024) |
| Land Assessment | $1,330,000 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,420,000 (2024) | Tax Year | 2026 |
Property Taxes
Parcel Number
143089-102-040-0001-018-000
Land Assessment
$1,330,000 (2024)
Improvements Assessment
$1,420,000 (2024)
Total Assessment
$2,750,000 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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2015 Walden Ave
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