For Sale
$2,617,000

3505 Amelia DrOrchard Park, NY 14127

Triple-net leased retail center, 7% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
112
This exceptional fee-simple retail property, located at 3505 Amelia Drive in Orchard Park, NY, presents a compelling investment opportunity. The 6,245 square foot building sits on a 1.48-acre lot and boasts a 100% occupancy rate with three established tenants: AT&T, Subway, and Yoga Six. Built in 2008, the property benefits from a strong tenant mix, providing diverse and stable income streams. Annual rent bumps are in place, as detailed in the rent schedule. The property enjoys excellent visibility on a major thoroughfare (Rt 179, Milestrip Rd), situated within a high-traffic retail corridor and affluent trade area. The current Net Operating Income (NOI) is $183,172, yielding an attractive 7.00% capitalization rate. Long-term tenant commitments are secured, including a recent seven-year renewal by AT&T. This property offers a compelling combination of strong cash flow, stable tenancy, and significant upside potential, making it an ideal addition to any investment portfolio. The asking price is $2,617,000. The property is offered as a gross lease with fee simple ownership. Operating expense collection is in place.

Highlights

  • High-traffic retail corridor location in Orchard Park, NY.
  • Dense, affluent trade area.
  • Long-term tenant commitments with recent lease renewals, including a 7-year AT&T renewal.
  • Excellent visibility on Rt 179 (Milestrip Rd).
  • Strong tenant mix of AT&T, Subway, and Yoga Six.
  • Attractive rental income with annual rent bumps.

Property Details for 3505 Amelia Dr

Property type
Lifestyle centers, Power centers
Square Feet
6,245 SF
Year Built
2008
Lot Size (sq. ft)
64,469 SF

Location Insight

City
Orchard Park
County
Erie
State
New York
Latitude
42.78961483
Longitude
-78.78210651
3505 Amelia Dr, Orchard Park, New York

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3505 Amelia Dr
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