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600 Dick Rd
Buffalo, NY 14225 Cheektowaga

$1,953,000 USD

Bank For Sale  •  3,500 SF

Property Details

  • Property Type Bank
  • Total Building Size 3,500 SF
  • Lot Size 0.63 AC
  • Building Class C
  • Year Built 1972
  • Cap Rate 6.00 %
  • Tenancy Single
  • Zoning 05C
0 Transit Score
68 Walk Score

Highlights

Reduced!! Ideal, Zero Mgmt. Asset for Passive Investor: Absolute NNN Lease with Investment Grade Credit Bank of America (NYSE: BAC/S&P A-/Moody’s A1)
Just Completed, Complete Tenant Self-Funded ($750,000) Complete Modern Interior Renovation and Design, Further Strengthening Commitment to Location
Strong Deposits Reported: Established Location with 8.75 Yrs. of Term Remaining and Multiple Renewals Since 1972
Low Price Point, No Management Responsibilities: Tenant Handles ALL Expenses Directly & Early Lease Extension with Rental Increase and Extensions
Strong Demographics in Buffalo’s 2nd Largest Suburb: Average Household Incomes Approx. $92k & High Population Density of 259k Residents Within 5-Mil
Prominent, High Traffic (Approx. 40k Vehicles Per Day), Corner Location Directly Across From Wegman’s Grocery

Property Flyers

Cap Rate: 6.00 %

Amenities

  • 24 Hour Access
  • Banking
  • Corner Lot
  • Dedicated Turn Lane
  • Pylon Sign
  • Security System
  • Signage
  • Signalized Intersection
  • Drive Thru

Public Transportation

Commuter RailDriveWalkDistance
Buffalo Depew Station (Empire Service - Amtrak, Lake Shore Limited - Amtrak, Maple Leaf - Amtrak) 3 min - 1.2 mi
Buffalo (Depew) (Toronto - New York - VIA Rail) 3 min - 1.2 mi
AirportDriveWalkDistance
Buffalo Niagara International 8 min - 3.3 mi
Niagara Falls International 32 min - 18.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 40
Type: Surface
Included in Rent: Yes
Dan Cooper 440-915-7902 Cooper Commercial Investment Group
Dan Cooper 440-915-7902 Cooper Commercial Investment Group