The Niagara & Ontario Plaza Retail FOR SALE


Buffalo, NY
$2,700,000 USD
646-604-7026
, Buffalo, NY for Sale
$2,700,000 USD
Retail - FOR SALE
1/3
null | 5.91% Cap Rate

The Niagara & Ontario Plaza
Buffalo, NY


OVERVIEW

Besen Partners, as exclusive agent for Ownership, is pleased to offer for sale, The Niagara & Ontario Plaza at 2207-2235 Niagara Street, Buffalo, NY 14207. Built in 1986, the property is 3 retail buildings built on a 3.05± AC lot with 8 retail units ( 70.1% occupancy) with 39,336± retail NRA (SF). VISIT THE DEAL ROOM https://platform.reverecre.com/project/5e61351f-8843-436f-84ca-cabebd181e16/dashboard INVESTMENT HIGHLIGHTS In-Demand Location Easy access to NYS 190 (63,628 AADT ) and the Scajaquada Expressway (Rt 198) (28,813 AADT ) and Traffic Signal access at Niagara and Ontario Streets. 9.5%± Stabilized Cap Rate Significant upside potential through leasing the remaining vacant units. New ownership can stabilize the property and achieve a 9.5%± cap rate by securing tenants for the available spaces. Robust Market Metrics Strong market occupancy of 95.1% provides a clear path for new ownership to achieve stabilized occupancy. Strong Credit Tenants The property benefits from two credit tenants occupying 56.1% of the building and a Tim Horton’s ground lease.

ASK ABOUT THIS PROPERTY

Samuel FinklerBesen PartnersMore Info
646-604-7026

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Samuel FinklerBesen PartnersMore Info
646-604-7026

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