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3079 Bailey Ave 9,200 SF Retail Building Buffalo, NY 14215 $1,226,666 ($133.33/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- 8+ Years Remaining on Original 10-Year NN Lease Term | 8% Increases every 5 Years | Priced Below Replacement Costs | Attractive Low Rent - $9.00 PSF
- High Visibility Location with Three Points of Access | Positioned at Signalized Intersection of Bailey Ave and Westminster Ave - 33,000+ VPD
- 6,483 Locations Throughout the US | 2nd Largest Automotive Supplier in North America
- Strong National Tenant | Corporate Guarantee | S&P Credit Rating "BBB" | Fee Simple Interest with Minimal Landlord Responsibilities
- New Building Retrofit, Roof and Parking Lot Completed in 2023 | $1B In Transportation & Maintenance Spending within 5 Miles of Subject Property
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,200 SF
Building Class
C
Year Built
1956
Price
$1,226,666
Price Per SF
$133.33
Cap Rate
6.75%
NOI
$82,800
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.83 AC
Zoning
N-C3
Parking
35 Spaces (3.8 Spaces per 1,000 SF Leased)
Frontage
99’ on Bailey Ave
AMENITIES
- Bus Line
- Security System
- Signage
- Air Conditioning
Walk Score®
Very Walkable (84)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $538,200 | |
| Land Assessment | $36,300 | Total Assessment | $574,500 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$36,300
Improvements Assessment
$538,200
Total Assessment
$574,500
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3079 Bailey Ave
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