3760 Union Rd | Cheektowaga, NY 14225
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- LoopNet Team
3760 Union Rd
Cheektowaga, NY 14225
8% CAP NNN| NO Daily Mgmt | High Traffic/Demo · Retail Property For Sale
Investment Highlights
- Ideal, Low Management Asset for Passive Investor: NNN Structure with Tenant Handling All On-Site Maintenance Directly
- Highly Attractive 8.00% CAP Rate at Low Price Point & Annual 2.5% Rental Increases Through Current Term and Renewals, Generating NOI Growth
- 2024 Renovation: Tenant Completed $2 Million Modern Interior Remodel/Buildout | Landlord had Parking Lot Reseal/Stripe & New Roof (20 Year Warranty)
- Prominent, High Traffic Directly In Front Buffalo’s Premier Shopping Destination, Walden Galleria: 1.6 Million S.F. of Premium Retailers/Rest. & Ent
- Pharmacann, Inc.: Founded in 2014, One of the Country’s Largest Vertically Integrated Cannabis Companies with 56+ Locations in 6 States
- Strong Demographics: Buffalo’s 2nd Largest Suburb: Average Household Incomes of Approx. $88,000 & High Population Density, 295k+ Residents in 5 Mile
Property Facts
Property Type
Retail
Property Subtype
Building Size
3,606 SF
Building Class
B
Year Built
1989
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.56 AC
Zoning
05C
Parking
17 Spaces (4.71 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Security System
- Signage
- Signalized Intersection
- Enclosed Mall
- Drive Thru
- Air Conditioning
Property Taxes
| Parcel Number | 143089-102-020-0001-009-131 | Improvements Assessment | $794,000 |
| Land Assessment | $96,000 | Total Assessment | $890,000 |
Property Taxes
Parcel Number
143089-102-020-0001-009-131
Land Assessment
$96,000
Improvements Assessment
$794,000
Total Assessment
$890,000
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