Tonawanda Retail Building For
10 Young St, Tonawanda, NY 14150
Retail building in Tonawanda, NY with long-term lease.
Type:Retail
Property size:
13,905 SFLot size:
1.90 AcresPrice / SF:
$113/SF- Added:
- Jan 8, 2025
- Days on Market:
- 499
- Last Refresh:
- Mar 25 at 8:29 pm
Property Features for 10 Young St
General Information
- Standard status
- Active
- Size
- 13,905 SF
- Lot size
- 1.90 Acres
- Property subtype
- Retail
Listing agent John Gendron License #ME 104572
Listing office Gendron Commercial
Listing date Jan 8, 2025
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Gendron Commercial
HighLights
- NN Lease with Walgreens: Enjoy stable, long‑term income from a national tenant.
- Strategic Location: Located in the heart of the Tonawanda retail district, near major intersections.
- Long Remaining Lease Term: Approximately 22 years remaining on the original 49‑year lease.
- Exclusive Landlord Rights: Landlord has an exclusive on 500ft to the property.
- Strong Regional Economy: Situated in the Buffalo Niagara Falls Metro Area, with Buffalo as a major economic hub.
- Large Retail Building: 13,905 +/- sf building on a 1.9 AC site.
Overview
The subject property, a retail building located at 10 Young St. in Tonawanda, NY, is available for sale. Constructed in 1996, the building has an area of 13,905 square feet and is situated on a 1.9-acre site. The property is currently occupied by Walgreens under a NNN lease with an original term of 49 years, with approximately 22 years remaining. Beginning in 2027, Walgreens has the right to terminate the lease every 5 years. The landlord is responsible for the roof and structure. The site is located in the heart of the Tonawanda retail district near the intersecting bridges of Tonawanda and North Tonawanda. The landlord has an exclusive on 500ft to the property and Walgreens has a first right of refusal with a 10 day response upon receipt. Tonawanda 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. The annual rent is $150,000 until 1/31/2047. Walgreens Termination Option Dates: 1/31/2027 1/31/2032 1/31/2037 1/31/2042.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Walgreens Photo
(Bike/Boat/Book/etc) Store
Redbox
Cinema
Walgreens Pharmacy
Pharmacy
COVID-19 Drive-Thru Testing ...
Medical Laboratory
FedEx OnSite
Postal Service
Similar Places Nearby
- Zachary T. Bluhm, Pharm — 47 Niagara St, Tonawanda, NY 14150
- Andrea C. Krause, Pharm — 150 Niagara St, Tonawanda, NY 14150
- Jamie Keller — 150 Niagara St, Tonawanda, NY 141501001
- Todd Martino — 150 Niagara St, Tonawanda, NY 141501001
- Tops Pharmacy — 150 Niagara St, Tonawanda, NY 14150
Location Insight
- Map
- Local Demand
- City
- Tonawanda
- County
- Erie
- State
- New York
- Longitude
- -78.8761111
- Latitude
- 43.019805
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - Retail building in Tonawanda, NY with long-term lease.
Where is this drug store located?
The property is located at 10 Young St Tonawanda, NY.
What is the asking price?
The asking price for this property is $1,579,000.
What are key features of this property?
This property features: NN Lease with Walgreens: Enjoy stable, long‑term income from a national tenant.; Strategic Location: Located in the heart of the Tonawanda retail district, near major intersections.; Long Remaining Lease Term: Approximately 22 years remaining on the original 49‑year lease.
