2181 Delaware Ave | Buffalo, NY 14216
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- LoopNet Team
2181 Delaware Ave
Buffalo, NY 14216
Valvoline · Retail Property For Sale
Investment Highlights
- Over 2 Years Remaining on a Triple Net (NNN) Lease With One (1) Option For a 3.7 Year Extension
- 10% Increase in 2023 if Tenant Exercises Their Option to Extend Until October 2026
- Tenant Has Remaining in the Same Location Since 1988 Showing Commitment to the Site
- Significant Value-Add Potential Through Releasing in 2023 if Tenant Declines Option or 2026 When Lease Expires
- Well Below Market Rent - $21.55 Per SF
- Good Visibility on Delaware Avenue Which Sees Over 25,500 VPD
Property Facts
Property Type
Retail
Property Subtype
Building Size
1,225 SF
Building Class
B
Year Built
1988
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.22 AC
Zoning
N-3E
Parking
10 Spaces (8.16 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 140200-078-790-0001-032-000 | Improvements Assessment | $76,200 |
| Land Assessment | $95,800 | Total Assessment | $172,000 |
Property Taxes
Parcel Number
140200-078-790-0001-032-000
Land Assessment
$95,800
Improvements Assessment
$76,200
Total Assessment
$172,000
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