Freestanding Drug
For Sale
Contact for pricing
3071 South Park Ave, Lackawanna, NY 14218
Rite Aid pharmacy leased under a triple-net structure with options extending beyond the current term.
Property SizeContact for details
Days on Market142
Property Features for 3071 South Park Ave
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Marcus & Millichap - Westchester
(914) 220-9730
Listed By:
Joseph French Jr. · License #NY 10301207036
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 10:47AM
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 Marcus & Millichap - Westchester
Investment Insights
Based on property information with market context.
This freestanding pharmacy property includes a 10,386-square-foot building on an estimated 0.92-acre parcel in Lackawanna, New York. The property is leased to Rite Aid under an original 20-year NNN agreement that began in 1997 and runs through February 2029.
The lease provides three remaining five-year renewal options, with rent increases of approximately 5 percent during each option period. The asset is located at 3071 South Park Avenue in Lackawanna, identified in the listing as part of the Buffalo, New York area.
The lease provides three remaining five-year renewal options, with rent increases of approximately 5 percent during each option period. The asset is located at 3071 South Park Avenue in Lackawanna, identified in the listing as part of the Buffalo, New York area.
Key Highlights
- 10,386‑square‑foot freestanding pharmacy building
- Estimated 0.92‑acre parcel
- Rite Aid occupancy under an original 20‑year NNN lease
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
259
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 14218, NY
20,878
Population
9,478
Households
2.2
Avg Household Size
38
Median Age
21%
College-Educated
88%
High-School Grad
8.1 sq mi
ZIP Area
2,578
Density / Sq Mi
$50,484
Median Household Income
$36,457
Median Earnings
$829
Median Rent
$135,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Eminent Cosmetics — 3195 South Park Ave, Lackawanna, NY 14218
- Rite Aid Pharmacy — 3071-3085 South Park Ave, Lackawanna, NY 14218
- Caizza Karen J — 3085 South Park Ave, Lackawanna, NY 14218
- Kimberly M. Walsh, PharmD — 3085 South Park Ave, Lackawanna, NY 14218
- Elite Care Pharmacy — Lackawanna, NY 14218
Frequently Asked Questions
What type of property is this?
Drug store - Rite Aid pharmacy leased under a triple-net structure with options extending beyond the current term.
Where is this drug store located?
The property is located at 3071 South Park Ave Lackawanna, NY.
What are key features of this property?
This property features: 10,386‑square‑foot freestanding pharmacy building; Estimated 0.92‑acre parcel; Rite Aid occupancy under an original 20‑year NNN lease
