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4815 BROADWAY Depew NY 14043-3926

APN 104.78-1-1.11

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Details
Property Type Retail
Sub Type Pharmacy/Drug
Building SqFt 13,905
Lot SqFt 93,488
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code C-2
Year Built 1996
Building Count 1
Opportunity Zone No
Lease Type ******
Remaining Term ******
Lease Expiration ******
Mortgage Amount ******

Property History

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Property Type
Property Type
Retail
Property Subtype
Pharmacy/Drug
Marketing Description

Subject property is located at 4815 Broadway in Depew, NY.​ Walgreens has a NN lease with an original term of 49 years.​ There are approx.​ 22 years remaining on the term.​ Beginning in 2027, Walgreens has the right to terminate the lease every 5 years.​

Landlord is responsible for the roof and structure.​ The retail building is 13,905 +/sf built in 1996 on 2.1 AC.​ The site is a corner lot located at signalized intersection.​ Landlord has an exclusive on 500ft to the property and Walgreens has a first right of refusal with a 10 day response upon receipt.​

Depew is located in Erie County, NY and part of the Buffalo Niagara Falls Metro Area.​ Buffalo is the second largest city in the state of New York.​ The state of New York is the largest employer to the city of Buffalo, employing over 15,000 people.​ Other top employers include, Kaleida Health, M&T Bank, the University of Buffalo, General Motors and Tops Friendly Markets.​

Investment Highlights

Rent Schedule:

1/25/1997 - 1/31/2047 $150,000 (Annually)

Walgreens Termination Option Dates:

1/31/2027

1/31/2032

1/31/2037

1/31/2042

Property Type
Property Type
Retail
Property Subtype
Pharmacy/Drug
Marketing Description
Subject property is located at 4815 Broadway in Depew, NY. Walgreens has a NN lease with an original term of 49 years. There are approx. 25 years remaining on the term. Beginning in 2027, Walgreens has the right to terminate the lease every 5 years.

Landlord is responsible for the roof and structure. The retail building is 13,905 +/sf built in 1996 on 2.1 AC. The site is a corner lot located at signalized intersection. Landlord has an exclusive on 500ft to the property and Walgreens has a first right of refusal with a 10 day response upon receipt.

Depew is located in Erie County, NY and part of the Buffalo Niagara Falls Metro Area. Buffalo is the second largest city in the state of New York. The state of New York is the largest employer to the city of Buffalo, employing over 15,000 people. Other top employers include, Kaleida Health, M&T Bank, the University of Buffalo, General Motors and Tops Friendly Markets.

Rent Schedule:

1/25/1997 – 1/31/2047 $150,000 (Annually)

Walgreens Termination Option Dates:

1/31/2027

1/31/2032

1/31/2037

1/31/2042

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Listing removed on
 BY:
JG
John Gendron PRO
LIC: ME 104572
•••.•••.8500
•••••••dron@••.com
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