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Valvoline 3480 Delaware Ave 2,592 SF Retail Building Buffalo, NY 14217 $1,601,127 ($617.72/SF) 5.50% Cap Rate
Investment Highlights
- High-Visibility Corridor
- Dense Residential Trade Area
- Essential, Recession-Resistant Use
- Strong Retail Synergy
Executive Summary
Surmount is pleased to present the exclusive listing for a Valvoline located at 3480 Delaware Avenue, Tonawanda, NY 14217. The site consists of roughly 2,592 rentable square feet of building space on an estimated 0.40-acre parcel of land. Valvoline is subject to an original 20-year Triple Net (NNN) lease, which commenced 10.26.2016. The current annual rent is $88,062 and has scheduled increases of 1.80% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,592 SF
Building Class
C
Year Built
1984
Price
$1,601,127
Price Per SF
$617.72
Cap Rate
5.50%
NOI
$88,062
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.40 AC
Zoning
C
Frontage
100’ on Delaware Ave
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 146489-066-380-0006-031-000 | Improvements Assessment | $22,800 |
| Land Assessment | $96,000 | Total Assessment | $118,800 |
Property Taxes
Parcel Number
146489-066-380-0006-031-000
Land Assessment
$96,000
Improvements Assessment
$22,800
Total Assessment
$118,800
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Valvoline | 3480 Delaware Ave
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