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Opportunity to purchase a O'Reilly Auto Parts location in Buffalo, NY
Overview
Added:
Jan 27
Days on market:
46
The Kase Group is pleased to present the opportunity to purchase a O'Reilly Auto Parts location in Buffalo, New York. The building consists of 9,200 SF and just underwent new construction and designing in compliance to the tenants prototype. The property is subject to a corporate 10 year lease with minimal landlord obligations and four, 5-year options to renew with 8% increases every 5 years. This O'Reilly Auto Parts is located at a hard corner with exposure to 21,515 vehicles per day along major east-west highway US-62 and borders various retailers including Family Dollar, 7-Eleven, Tim Hortons, ALDI, Rent-A-Center, DaVita, M&T Bank, Boost Mobile and more.
In Association with Scott Reid & ParaSell, Inc. | P: 949.942.6578 | A Licensed New York Broker #10991231395
Location Description Buffalo is the second-most populated city in the U.S. state of New York and the seat of Erie County. It lies in Western New York, at the eastern end of Lake Erie, at the head of the Niagara River, on the United States border with Canada. With a population of 278,349 according to the 2020 census, Buffalo is the 78th-largest city in the United States. Buffalo and the city of Niagara Falls together make up the two-county Buffalo–Niagara Falls Metropolitan Statistical Area (MSA), which had an estimated population of 1.2 million in 2020, making it the 49th largest MSA in the United States.
The city's cultural landmarks include the oldest urban parks system in the United States, the Albright–Knox Art Gallery, the Buffalo Philharmonic Orchestra, Shea's Performing Arts Center, the Buffalo Museum of Science, and several annual festivals. Its educational institutions include the University at Buffalo, Buffalo State University, Canisius College, D'Youville University and Medaille College. Buffalo is also known for its winter weather, Buffalo wings, and three major-league sports teams: the National Football League's Buffalo Bills, the National Hockey League's Buffalo Sabres and the National Lacrosse League's Buffalo Bandits.
Highlights
Net Long Term Net Lease
Minimal Landlord Obligations
Corporate Guarantee - (NASDAQ: ORLY)
New Roof and Parking Lot
Desirable Demographics - 406,560+ Residents within a 5-Mile Radius
Ample Parking and Excellent Ingress/Egress Points
Hard Corner Location - 21,515 VPD
Adjacent Tenants Include Family Dollar, 7-Eleven, Tim Hortons, ALDI, Rent-A-Center, DaVita, M&T Bank, Boost Mobile and more.
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