Bank Building with Absolute NNN
For Sale
Contact for pricing
Pending
3494 Delaware Ave, Buffalo, NY 14217
Citizens Bank occupies the facility under a corporate-backed lease with scheduled increases and multiple renewal options.
Property SizeContact for details
Days on Market143
Property Features for 3494 Delaware Ave
General Information
Standard status
Pending
Property subtype
Retail
Listing Agency:
Scope Investment Real Estate Services
(215) 302-4400
Listed By:
Craig Dunkle · License #PA RS324418
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 31 at 6:44AM
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 Scope Investment Real Estate Services
Investment Insights
Based on property information with market context.
The 4,500-square-foot bank property at 3494 Delaware Ave is occupied by Citizens Bank under an absolute NNN lease. The current term runs for 7 years and includes 5% increases every three years, along with four 3-year renewal options. The lease carries a corporate guarantee from Citizens Bank, which has an S&P A- credit rating. The branch has operated at the location since 2005 and is backed by FDIC coverage.
Delaware Ave records approximately 22,150 VPD, while nearby Sheridan Dr serves as a central retail corridor with approximately 27,936 VPD. The property is positioned within Buffalo’s northern suburbs, with more than 140,000 residents within a 3-mile radius. Deposits at this branch increased from $76,240,000 in 2020 to $101,591,000 in 2021.
Delaware Ave records approximately 22,150 VPD, while nearby Sheridan Dr serves as a central retail corridor with approximately 27,936 VPD. The property is positioned within Buffalo’s northern suburbs, with more than 140,000 residents within a 3-mile radius. Deposits at this branch increased from $76,240,000 in 2020 to $101,591,000 in 2021.
Key Highlights
- 4,500 SF bank facility occupied by Citizens Bank
- Absolute NNN lease with a 7‑year current term
- 5% lease increases every three years
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
910
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
9,482 visits/mo
0.4 miles
Demographics for 14217, NY
23,085
Population
11,280
Households
2
Avg Household Size
41
Median Age
41%
College-Educated
95%
High-School Grad
3.2 sq mi
ZIP Area
7,214
Density / Sq Mi
$72,205
Median Household Income
$51,075
Median Earnings
$970
Median Rent
$193,200
Median Home Value
Market
Vacancy Rate% for Retail in Buffalo, NY
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Citizens Bank occupies the facility under a corporate-backed lease with scheduled increases and multiple renewal options.
Where is this bank located?
The property is located at 3494 Delaware Ave Buffalo, NY.
What are key features of this property?
This property features: 4,500 SF bank facility occupied by Citizens Bank; Absolute NNN lease with a 7‑year current term; 5% lease increases every three years
