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2320 Genesee St
Buffalo, NY 14225
Family Dollar-Niagara Falls/Buffalo · Retail Property For Sale
PROPERTY FACTS
ABOUT 2320 GENESEE ST , BUFFALO, NY 14225
10 YEAR LEASE.HIGH DENSITY.HIGH SALES.3.24% RENT TO SALES. Priced well below replacement cost with more intrinsic value than any Dollar Store on the market. New 10 years lease executed above initial term base rent with big increases in option periods. Tenant executed option with 20% increase and no rent discount. NN- Roof (under warranty), parking lot (resurfaced/stripped in 2016), structure, HVAC for replacement/repairs above $2,000. Reimbursed taxes & insurance. Block and stucco building with membrane roof. This was an Eckerd Drug store (Rite Aid) that moved down the street circa 2004. Located on a major artery in a densely populated corner location with busy public transportation stop in front of property. Zero competition in the area. Located in Cheektowaga which is touching and is sandwiched in between Niagara Falls and Buffalo, NY.
PROPERTY TAXES
| Parcel Number | 143089-101-280-0002-009-110 | Improvements Assessment | $1,273,000 |
| Land Assessment | $77,000 | Total Assessment | $1,350,000 |
PROPERTY TAXES
