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Investment Highlights
- Absolute triple-net (NNN) lease with zero landlord responsibilities Corporate guarantee by 7-Eleven, Inc.
- Dense surrounding residential base with 14,000+ residents within 1 mile
- Approximately 4.8 years remaining on the lease term
Executive Summary
Marcus & Millichap is pleased to exclusively present the opportunity to acquire a single-tenant 7-Eleven convenience store located
at 2078 Niagara Street in Buffalo, New York. The subject property is secured by a corporate guarantee from 7-Eleven, Inc. and is
leased on an absolute triple-net (NNN) basis, providing investors with predictable cash flow and zero landlord responsibilities.
The freestanding retail building was constructed in 1985 and contains approximately 3,486 rentable square feet. The lease has
approximately 4.8 years remaining, offering near-term income stability with future optionality upon expiration. Under the absolute
NNN structure, the tenant is responsible for all operating expenses, including taxes, insurance, and maintenance.
The property is strategically positioned along Niagara Street, a primary north–south arterial serving Buffalo’s West Side. The
location benefits from strong visibility, consistent commuter traffic, and immediate access to dense surrounding residential
neighborhoods that support daily-use retail demand.
The immediate trade area is supported by approximately 14,000+ residents within a one-mile radius, with the broader five-mile
population exceeding 250,000 residents. The necessity-based nature of the convenience retail sector, combined with an infill
urban location, supports long-term tenant viability and durable cash flow.
This offering represents an opportunity to acquire a credit-tenant net lease asset with minimal management requirements in a
stable urban market
at 2078 Niagara Street in Buffalo, New York. The subject property is secured by a corporate guarantee from 7-Eleven, Inc. and is
leased on an absolute triple-net (NNN) basis, providing investors with predictable cash flow and zero landlord responsibilities.
The freestanding retail building was constructed in 1985 and contains approximately 3,486 rentable square feet. The lease has
approximately 4.8 years remaining, offering near-term income stability with future optionality upon expiration. Under the absolute
NNN structure, the tenant is responsible for all operating expenses, including taxes, insurance, and maintenance.
The property is strategically positioned along Niagara Street, a primary north–south arterial serving Buffalo’s West Side. The
location benefits from strong visibility, consistent commuter traffic, and immediate access to dense surrounding residential
neighborhoods that support daily-use retail demand.
The immediate trade area is supported by approximately 14,000+ residents within a one-mile radius, with the broader five-mile
population exceeding 250,000 residents. The necessity-based nature of the convenience retail sector, combined with an infill
urban location, supports long-term tenant viability and durable cash flow.
This offering represents an opportunity to acquire a credit-tenant net lease asset with minimal management requirements in a
stable urban market
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Convenience Store
Building Size
3,486 SF
Building Class
C
Year Built
1985
NOI
$52,800
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.41 AC
Zoning
N-2C - Commercial
Parking
22 Spaces (6.31 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Very Walkable (70)
Nearby Major Retailers
Property Taxes
| Parcel Number | 140200-088-240-0002-001-100 | Improvements Assessment | $308,100 |
| Land Assessment | $17,900 | Total Assessment | $326,000 |
Property Taxes
Parcel Number
140200-088-240-0002-001-100
Land Assessment
$17,900
Improvements Assessment
$308,100
Total Assessment
$326,000
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Presented by
7-Eleven | 2078 Niagara St
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