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1930 Niagara Falls Blvd
Tonawanda, NY 14150 Green Acres North

$1,865,000 USD

Bank For Sale  •  6,656 SF

Property Details

  • Property Type Bank
  • Total Building Size 6,656 SF
  • Lot Size 3.27 AC
  • Building Class B
  • Year Built 1978
  • Cap Rate 5.85 %
  • Tenancy Single
  • Zoning C
30 Transit Score
50 Walk Score

Highlights

Investment Grade (S&P “BBB”), Zero Management Asset: Below Market Rents ($16.05/S.F.) on Abs NNN Lease with KeyBank (NYSE: KEY) | 950 Branch Locations
High Deposits!! Top 6% Across All KeyBank Locations in the U.S. w/ 10% Rental Increase in 2028: Offering Income Growth & Will Taking CAP Rate to 6.44%
2025, Tenant Self-Funded, Complete Interior/Exterior Remodel: with Early Lease Option Extension That Starts in 2028 with No LL Concessions
Strategically Location: Sitting on Oversized 3.27 Acre Parcel Site off the Main Retail Corridor with 5 Drive-Thru Lanes Included
Signalized Corner Location & Extremely High Traffic: Over 51,000 Vehicles Per Day Directly in Front of Site and Just off I-290 with 200,000+ VPD
Strong Demographics: High Population Density: 101k+ in 3-Mile Radius & $275K+ in a 5-Mile Radius with Average Incomes of $103k+

Property Flyers

Cap Rate: 5.85 %

Major Tenants

Tenant SF Occupied Lease End Date
KeyBank (S&P “BBB”, NYSE: KEY) 6,800 SF 10/1/2033

Amenities

  • Banking
  • Controlled Access
  • Corner Lot
  • Dedicated Turn Lane
  • Freeway Visibility
  • Pylon Sign
  • Security System
  • Signage
  • Signalized Intersection
  • Drive Thru
  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Buffalo Niagara International 15 min - 8.2 mi
Niagara Falls International 20 min - 10.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 87
Type: Surface
Included in Rent: Yes
Dan Cooper 440-915-7902 Cooper Commercial Investment Group
Dan Cooper 440-915-7902 Cooper Commercial Investment Group