Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2401 Genesee St Buffalo, NY 14225

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,607,021

    NNN leased Rite Aid in Cheektowaga, New York.

    Property size:
    11,421 SF
    Lot size:
    1.30 Acres

    Property Features for 2401 Genesee St

    General Information

    Size
    11,421 SF
    Lot size
    1.30 Acres

    Source: NNN Pro Group Agent Cade Kearn

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Rite Aid NNN Investment

    The property at 2401 Genesee Street, Cheektowaga, New York, is a retail property occupied by Rite Aid. The building has approximately 11,421 rentable square feet of space and is situated on an estimated 1.25-acre parcel of land. The property is subject to a 28-year Triple Net (NNN) lease, which commenced in August 1999. The current annual rent is $247,667, with scheduled rent increases in the option periods.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drug stores

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Rite Aid Pharmacy, Lisanne Holley, Pharm, Dr. Claudia D. Fosket, MD, Matthew Mesi, Bonsai Beauty

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.793308
    Latitude
    42.919652

    Nearby Similar for Sale

    • $395,000
      Pending

      Remodeled Multi-Family Investment Property

      Completely remodeled multi-family home near downtown Buffalo.
      9 West Ave, Buffalo, NY 14201
      View Details
    • Contact for pricing
      Pending

      Remodeled Two-Family Home in Buffalo

      Fully remodeled two-family residence with historic charm and contemporary design.
      111 Dempster St, Buffalo, NY 14206
      View Details
    • $299,900
      Pending

      Charming North Buffalo Double

      Charming North Buffalo double with rental income potential near Delaware Park.
      38 Delham Ave, Buffalo, NY 14216
      View Details
    • $995,000
      19,445 SF

      Mixed-Use Property in Central Buffalo

      20,000 SF mixed-use property with warehouse and apartments.
      250 Grant St, Buffalo, NY 14213
      View Details
    • $525,000
      2,694 SF

      Well-Maintained Three-Unit Property

      Three-unit property in a desirable Buffalo neighborhood.
      346 Woodward Ave, Buffalo, NY 14214
      View Details
    • $249,900
      Pending

      Well-Maintained Two-Family Home

      Spacious two-family home in Maryvale School District, updated in 2009.
      3340 Genesee St, Buffalo, NY 14225
      View Details

    FAQs

    What type of property is this?
    Drug store - NNN leased Rite Aid in Cheektowaga, New York.
    Where is this drug store located?
    The property is located at 2401 Genesee St Buffalo, NY.
    What is the asking price?
    The asking price for this property is $2,607,021.
    What are key features of this property?
    This property features: - Tenant is Rite Aid; - 28-year Triple Net (NNN) lease commenced 8/20/1999; - Located at 2401 Genesee Street, Cheektowaga, New York 14225
    (332) 345-2408
    Request Owner's contact information
    2401 Genesee St Buffalo, NY 14225
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2401 Genesee St
    Buffalo, NY 14225
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2401 Genesee St Buffalo, NY 14225
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.