3079 Bailey AveBuffalo, NY 14215

For Sale
$1,380,000

Net-leased auto parts store, Buffalo, NY

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity features a 9,200-square-foot O'Reilly Auto Parts store in Buffalo, NY, situated on a 0.83-acre lot at a high-traffic corner location (21,515 vehicles per day). The property boasts a brand-new roof and parking lot, and is subject to a 10-year net lease (commencing January 1, 2024, and expiring December 31, 2033) with a corporate guarantee from O'Reilly Automotive (NASDAQ: ORLY). The lease includes four, five-year renewal options, each with an 8% rent increase. Minimal landlord responsibilities are required. The strong demographics of the area include over 406,560 residents within a five-mile radius. The property benefits from ample parking and excellent ingress/egress, and is conveniently located near other major retailers such as Family Dollar, 7-Eleven, Tim Hortons, ALDI, Rent-A-Center, DaVita, M&T Bank, and Boost Mobile. The asking price is $1,380,000, representing a price per square foot of $150 and a 6.00% cap rate. The property is currently 100% occupied. This is a rare opportunity to acquire a high-performing, net-leased asset with a strong tenant and significant long-term growth potential.

Highlights

  • Net-leased O'Reilly Auto Parts in Buffalo, NY.
  • Minimal landlord responsibilities.
  • Corporate guarantee from O'Reilly Automotive (ORLY).
  • New roof and parking lot.
  • Strong demographics: over 406,560 residents within a 5-mile radius.
  • Ample parking and excellent ingress/egress.

Property Details for 3079 Bailey Ave

Property type
Other retail properties, Automotive properties
Square Feet
9,200 SF
Lot Size (sq. ft)
36,155 SF

Location Insight

City
Buffalo
County
Erie
State
New York
Latitude
42.9386507
Longitude
-78.8132164
3079 Bailey Ave, Buffalo, New York

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3079 Bailey Ave
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