Restaurant Space with Existing
New
For Sale
Contact for pricing
2309 Eggert Road, Tonawanda, NY 14150
An existing food-service configuration is available, with kitchen equipment and furniture negotiable.
Property Size7,000 SF
Price / SF$1.52
Days on Market5
Property Features for 2309 Eggert Road
General Information
Standard status
Active
Size
7,000 SF
Listing Agency:
Boulevard Real Estate WNY
(716) 662-1684
Listed By:
Kristin Mahoney
(716) 807-9289
Source:
Nicholcityrealty
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 14 at 11:06PM
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 Boulevard Real Estate WNY
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Investment Insights
Based on property information with market context.
The restaurant property at 2309 Eggert Road in Tonawanda has an existing food-service layout. Kitchen equipment and furniture may be negotiated separately. The space is offered through a lease assignment or sublease, with any arrangement subject to approval by the current tenant and property owner.
The property occupies the corner of Eggert Road and Sheridan Drive within a shopping plaza. Shared parking serves the plaza, and the lease structure is NNN. Approximately 11 years and 10 months remain on the current lease; flexible sublease terms may be considered for qualified tenants, subject to approval.
The property occupies the corner of Eggert Road and Sheridan Drive within a shopping plaza. Shared parking serves the plaza, and the lease structure is NNN. Approximately 11 years and 10 months remain on the current lease; flexible sublease terms may be considered for qualified tenants, subject to approval.
Key Highlights
- Existing restaurant layout
- At the corner of Eggert Road and Sheridan Drive
- Approximately 11 years and 10 months remain on the current lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,294
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,685,880
$1.7M
Cap Rate 7%
$1,204,200
$1.2M
Cap Rate 9%
$936,600
$936.6K
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$126.0K $18.00/SF
− Vacancy
−$13.6K −$1.94/SF
EGI
$112.4K $16.06/SF
− OpEx
−$28.1K −$4.01/SF
NOI
$84.3K $12.04/SF
Area
Erie County, NY
Vacancy
10.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,685,880
Cap Rate 7%
$1,204,200
Cap Rate 9%
$936,600
Alternative Uses
Best Use
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $84,294 @ 7.0% cap · market cap 794.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,117 @ 7.0% cap · market cap 1,009.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,031
Businesses Nearby
116k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Shops & Services 36%
Apparel 20%
Beauty & Spa 4%
Chili's Grill & Bar
Dining
24,485 visits/mo
0.2 miles
Savers Thrift Store
Apparel
14,934 visits/mo
0.1 miles
Burger King
Dining
12,644 visits/mo
0.2 miles
Bank of America
Shops & Services
11,578 visits/mo
0.3 miles
M&T Bank
Shops & Services
10,788 visits/mo
0.4 miles
Demographics for 14150, NY
41,161
Population
20,152
Households
2
Avg Household Size
43
Median Age
32%
College-Educated
95%
High-School Grad
14.9 sq mi
ZIP Area
2,762
Density / Sq Mi
$70,294
Median Household Income
$46,867
Median Earnings
$1,094
Median Rent
$181,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - An existing food-service configuration is available, with kitchen equipment and furniture negotiable.
Where is this conventional restaurant located?
The property is located at 2309 Eggert Road Tonawanda, NY.
What are key features of this property?
This property features: Existing restaurant layout; At the corner of Eggert Road and Sheridan Drive; Approximately 11 years and 10 months remain on the current lease
