3450 Union Rd - Freestanding FOR SALE


Buffalo, NY 14225- Cheektowaga
$2,200,000 USD
716-200-0151
3450 Union Rd, Buffalo, NY for Sale
$2,200,000 USD
Freestanding - FOR SALE
1/5
null | 5% Cap Rate

3450 Union Rd
Buffalo, NY 14225
Cheektowaga


HIGHLIGHTS

  • Absolute NNN Ground Lease. 10% rent increase every 5 years.
  • New construction (rent commenced June 19, 2019).
  • Located at a premier retail corner and less than a mile from Walden Galleria Mall (Regional Mall).
  • Parent Company is Aspen Dental Management, Inc. 600+ locations nationwide. WellNow has over 200 locations.
  • Population of 270,000 within five (5) miles
  • Third busiest intersection in Buffalo MSA: Traffic counts at Walden/Union Intersection are 27,734/29,190

OVERVIEW

Colliers and Pyramid Brokerage Company of Buffalo, as exclusive advisors, are pleased to present the opportunity to acquire this long term absolute NNN ground lease with WellNOW Urgent Care located at 3450 Union Road in Cheektowaga, NY ("The Property") – a 3,200 square foot retail property located on 0.49 acres. This single tenant building was constructed in 2019 by WellNOW, which is in year six (6) of a twenty (20) year lease with an additional four (4) five (5) year options. The property is next door to the strongest performing regional mall in WNY, a ten-minute drive from downtown Buffalo, and located at one of the busiest intersections in WNY. The site has excellent accessibility with multiple points of ingress-egress and is proximate to I-90. This offering provides a unique opportunity for investors to purchase a passive investment with stable cash flow with a committed tenant and annual rental increases.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$688 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

WellNOW Urgent Care

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

05C

APN/PARCEL ID

143089-102-020-0001-024-000

ASK ABOUT THIS PROPERTY

David Schiller, SIORCushman and Wakefield/Pyramid Brokerage CompanyMore Info
716-200-0151

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David Schiller, SIORCushman and Wakefield/Pyramid Brokerage CompanyMore Info
716-200-0151

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.