4845 Broadway
Depew, NY 14043
AAP | Buffalo MSA | Strong Corner Location · Retail Property For Sale

Marcus & Millichap, on behalf of ownership as its exclusive advisor, is pleased to market for sale Advance Auto Parts in located Depew, New York (Buffalo MSA). The subject property is a 7,000 square-foot free-standing store situated on 1.35 acres. Developed in 2003, the location was built-tosuit for the tenant who has remained there since. Advance Auto Parts is leased to double net terms through December 2023, with five years remaining on their 10 year lease. Additionally, there are two, five-year renewal options with ten percent rent increases in each. The investment grade tenant is rated BBB-/Stable by S&P and currently operates over 5,000 locations with annual revenue in excess of $9.3 Billion. Situated just off the signalized intersection of Transit Rd. & Broadway, Advance Auto Parts receives excellent visibility to the 46,141 combined cars passing by daily. Located in Depew, New York, the property is less than 12 miles from Downtown Buffalo, and is as part of the Buffalo-Niagara Falls Metropolitan Statistical Area with a population of 1.1 million. Less than 5 miles away from the subject property is the Buffalo Niagara International Airport, which is the 3rd busiest airport in the state of New York, and the busiest outside of the New York City metropolitan area. The airport serves an average of 4.5 million passengers each year. Surrounding the property are dense infill demographics with 72,001 residents located within three miles of the property, and 142,583 residents located within five miles. The average household income in the area is above the national average at $73,251 within three miles of the property. The property is surrounded by multiple other prominent retailers including Rite Aid, Big Lots, Dollar General, Target, Aldi, Tops, Dollar Tree, and Kohl’s.