Retail Space For
New
For Sale
$1,330,144
9151 Alleghany Rd, Corfu, NY 14036
Retail space offered for sale as an investment opportunity.
Property Size9,026 SF
Price / SF$147.37
Days on Market4
Property Features for 9151 Alleghany Rd
General Information
Standard status
Active
Size
9,026 SF
Property subtype
Discount
Financials
Asking Price
$1,330,144
Cap Rate
7.65%
Amenities
Absolute NNN Lease with 5+ Years Remaining on the Current Lease Term
Store is Less Than Two Miles from a Newly Built 201,000 Square Foot Amazon Distribution Center (2025 Construction)
Located Minutes from Six Flags Darien Lake, a 1,200-Acre Resort and Theme Park in Corfu
Proximity to the Pembroke School District as well as the Main Drag Through Town
Site is Four Minutes from a Significant Interstate 90 Exit, Which Serves as a Major Gateway Heading to and from the Buffalo/Niagara Falls Region
Store Sells Beer and Has Expanded Cooler Space Making it a Destination Spot in the Immediate Area
Competition Void: Only Dollar General Servicing the NY State Route 77 Corridor Between Corfu and Pembroke
Corfu is Positioned Directly Between Buffalo and Rochester, Two of the Top Four Most Populous Cities in New York
Building Details
Building Size
9,026 SF
Listing Agency:
(813) 387-4773
Listed By:
Cole Skinner · License #License(s): FL: SL3407088
(813) 387-4773
Source:
Marcusmillichap
Added: Jul 29
Changed: Jul 30
Last Checked: Aug 1 at 2:15AM
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 Cole Skinner
Investment Insights
Based on property information with market context.
This retail space is being offered for sale as an investment. The property totals 9,026 SF and the offering is described with a 7.65% cap rate.
The property is located at 9151 Alleghany Rd in Corfu, NY 14036.
The property is located at 9151 Alleghany Rd in Corfu, NY 14036.
Key Highlights
- 9,026 SF retail space
- 7.65% cap rate (as stated in offering remarks)
- 9151 Alleghany Rd, Corfu, NY 14036
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $135.4k | $15.00 |
| − Vacancy | −$5.7k | −$0.63 |
| EGI | $129.7k | $14.37 |
| − OpEx | −$38.9k | −$4.31 |
| NOI | $90.8k | $10.06 |
9,026 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.30M
$1.13M – $1.51M
NOI $90,793 @ 7.0% cap · market cap 6.83%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$8.38M
$7.33M – $9.77M
NOI $586,455 @ 7.0% cap · market cap 44.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
10k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Crosby's
Shops & Services
5,522 visits/mo
0.4 miles
Dollar General
Shops & Services
4,771 visits/mo
0.1 miles
Demographics for 14036, NY
4,931
Population
2,521
Households
2
Avg Household Size
46
Median Age
19%
College-Educated
95%
High-School Grad
53.6 sq mi
ZIP Area
92
Density / Sq Mi
$91,806
Median Household Income
$46,506
Median Earnings
$923
Median Rent
$184,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space offered for sale as an investment opportunity.
Where is this retail space located?
The property is located at 9151 Alleghany Rd Corfu, NY.
What is the asking price?
The asking price for this property is $1,330,144.
What are key features of this property?
This property features: 9,026 SF retail space; 7.65% cap rate (as stated in offering remarks); 9151 Alleghany Rd, Corfu, NY 14036
