Listed by Matthews
$2,550,000
Quaker Crossing Outlot | Orchard Park, NY | Target Shadowed
Details
APN 146089-152-180-0001-009-120
Property Type Retail
Sub Type Shopping Center, QSR/Fast Food
Square Footage 6,245
Cap Rate 7.00%
NOI $178,516
Occupancy 100%
Tenancy Multi
Brand/Tenant AT&T, Subway
Price per SqFt $408
Year Built 2008
Buildings 1
Stories 1
Acreage 1.480
Parking Spaces 65 spaces
Parking Per SqFt 10.41
Ground Lease No
Affluent Trade Area | Target Shadow Anchored | Prime Retail Location
Investment highlights
- Fully Leased Strip Center: Quaker Crossing Outlot is a 100% leased ±6,245 SF strip center comprised of 3 tenants: AT&T (Corporate), Subway (Corporate) and FlexYoga.
- Target Shadow Anchored: The Property benefits greatly being shadow anchored by a heavily trafficked Target location driving sustained daily visits from customers to the center.
- Cross-Traffic From Major Retailers: In addition to Target, the Property also benefits from the cross-traffic provided by Dick’s Sporting Goods, Kohl’s, Marshalls, HomeGoods, Regal Cinema, Ashley Furniture, PetSmart & Ulta.
- Prime Retail Corridor Location: Quaker Crossing Outlot is ideally positioned in the Orchard Park retail corridor along Milestrip Rd (±25,000 VPD) serving the affluent Orchard Park trade area and featuring excellent access & great visibility.
- Proximity to Buffalo Bills Stadium: The Property sits less than 2 miles from the brand-new Buffalo Bills Stadium that will open up in the Fall of 2026 – total project cost was ~$2Billion.
- Excellent Transportation Access: Immediate access to major transportation routes, including I-90 (±48,000 VPD) and Route 219 (±47,000 VPD), provides seamless connectivity throughout the Buffalo MSA and surrounding suburban communities.
- Affluent Trade Area: The immediate trade area is characterized by above-average household incomes, high homeownership rates, and stable residential density, underpinning consistent demand for service-oriented and necessity-based retail.
- Long-Term Tenancy: Service & Necessity Based Tenancy With Strong Operating History | AT&T & Subway Have Operated Here For 16+ Years With Both Recently Having Extended Their Lease.
- Strong Demographics: Desirable Demographics | 5-mile Population: 143,000 | 1-mile Avg. HHI: $110,000.
- Ease of Management: Ease of Management | Only 3 Tenants | No Lease Expirations Until 2030.
- Free & Clear Offering: Offered Free & Clear of Existing Financing.
Listing Contacts
Listed by Matthews
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$178,516.00
$14,876.33/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Brokerage Address
Is there information that looks off?
