Listed by Cushman & Wakefield Pyramid Brokerage Company - Buffalo, New York
Unpriced
3171 Sheridan Drive
Details
Property Type Retail
Sub Type Bank
Square Footage 15,328
Occupancy 100%
Tenancy Single
Lease Type Net
Remaining Term 8
Year Built 1960
Acreage 0.820
Zoning C1
Investment Type Net Lease
Great net leased bank property in high-end retail plaza. Very high deposit base.
Marketing description
For Lease
Investment highlights
- Net leased retail bank branch and professional office with no landlord responsibility
- Highly visible location in the Busy Sheridan / Niagara Falls Blvd Commercial Area
- Building signage and room to expand office space
- Walking distance to other retailers in the plaza which is going through a significant renovation
- Well maintained property with plenty of nearby parking
- Has been a bank since 1960 and the current bank tenant has been in place for almost 35 years
- Easy Thruway & Expressway access Extremely high deposit base, top tier for deposits for this bank on a regional basis
- Located in front of the only Whole Foods in the region
- Tenant has made a significant investment to the property and added three brand new drive-thru lanes
- Many area amenities nearby including Walmart, LA Fitness, the Boulevard Mall, big box and area retailers, banks, restaurants and more
- More than 8 years remaining with two 5- year renewal options
- Tenant currently paying $198,021/year
- Ideal for: 1031 investor, long term credit tenant
Listing Contacts
Listed by Cushman & Wakefield Pyramid Brokerage Company - Buffalo, New York
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