Renovated Dollar General Investment
25 Gardenville Parkway, West Seneca, NY 14224
Newly renovated Dollar General Market investment property with a 10-year lease.
Type:Retail
Property size:
15,059 SFPrice / SF:
$158/SF- Added:
- Jan 27, 2026
- Days on Market:
- 109
- Last Refresh:
- Apr 5 at 8:49 pm
Property Features for 25 Gardenville Parkway
General Information
- Standard status
- Active
- Size
- 15,059 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1980
Listing agent Brian Donovan License #NY #10491202934 (716) 998-2943
Listing office Donovan Real Estate Services (716) 998-2943
Listing date Jan 27, 2026
Source Donovanres
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 Donovan Real Estate Services
HighLights
- Newly renovated single tenant property leased to Dollar General Market.
- New 10‑year lease with two 5‑year options, demonstrating tenant commitment.
- Lease includes 10% rental increases at the start of each option period.
- Located at a signalized intersection on Union Road with high traffic volume (AADT over 20,000).
- Corporate guaranty on the lease.
- Corner lot location with pylon sign.
Overview
This newly renovated single-tenant investment property is leased to Dollar General Market and located in West Seneca, NY. The tenant recently signed a new 10-year lease with two 5-year options to extend, demonstrating commitment to the location. The lease includes 10% rental increases at the beginning of each option period. The property, known as Dollar General Plaza, is situated at the signalized intersection of Union Road and Gardenville Parkway in Gardenville, east of the Buffalo, NY, MSA and north of Route 400/Aurora Expressway. Gardenville is positioned between Cheektowaga and West Seneca, with Union Road serving as a main north-south thoroughfare with an AADT over 20,000. The area features light retail, with commercial real estate primarily focused on light industrial, distribution, and apartments. A former shopping center across the street has been redeveloped into a large-scale warehouse park. The building is on a corner lot and has a pylon sign. Access to the plaza is facilitated by the signalized traffic light. The corporate lease guaranty has an initial term of 10 years.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$1.92M
NOI $172,666 @ 9.00% cap · cautious / downside scenario
Moderate
$2.47M
NOI $172,666 @ 7.00% cap · market / base-case scenario
Aggressive
$3.45M
NOI $172,666 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $253.0k | $16.80 |
| − Vacancy | −$22.8k | −$1.51 |
| EGI | $230.2k | $15.29 |
| − OpEx | −$57.6k | −$3.82 |
| NOI | $172.7k | $11.47 |
15,059 SF · lease $16.80/SF/yr · vacancy 9.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$2.47M
$2.16M – $2.88M
NOI $172,666 @ 7.0% cap · market cap 7.21%
Second Best
Retail
$2.10M
$1.83M – $2.44M
NOI $146,684 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$3.62M
$3.17M – $4.22M
NOI $253,497 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Dollar General
Discount Store
U-Haul Neighborhood Dealer
Car Rental Facility
Western Union
Bank
AbillionZ
Big Box & Wholesale Store
716 Amazon Liquidator
Liquidator
Similar Places Nearby
- Save A Lot — 2305 Union Rd, West Seneca, NY 14224
Location Insight
- Map
- Local Demand
- City
- West Seneca
- County
- Erie
- State
- New York
- Longitude
- -78.7593
- Latitude
- 42.8645
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - Newly renovated Dollar General Market investment property with a 10-year lease.
Where is this grocery and convenience store located?
The property is located at 25 Gardenville Parkway West Seneca, NY.
What is the asking price?
The asking price for this property is $2,394,370.
What are key features of this property?
This property features: Newly renovated single tenant property leased to Dollar General Market.; New 10‑year lease with two 5‑year options, demonstrating tenant commitment.; Lease includes 10% rental increases at the start of each option period.
