Bank For Sale • 3,500 SF
| Reduced! Ideal, Zero Management Asset for Passive Investor: Absolute NNN Lease | Investment Grade Credit Bank of America (NYSE: BAC/S&P A-/Moody’s A1) |
| Extremely Strong Deposits Reported: Established Location with 8.75 Yrs. of Term Remaining and Multiple Renewals Since 1972 |
| Tenant Just Completed Self-Funded ($750,000)/Complete Modern Interior Renovation and Design, Further Strengthening Commitment to Location |
| 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 |
| Cap Rate: | 6.00 % |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| Bank of America | 3,500 SF | 2/1/2034 |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| 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 |
| Airport | Drive | Walk | Distance |
| Buffalo Niagara International | 8 min | - | 3.3 mi |
| Niagara Falls International | 32 min | - | 18.7 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 40 |
| Type: | Surface |
| Included in Rent: | Yes |