NNN-Leased Retail
For Sale
$4,453,448
3701 McKinley Pkwy, Buffalo, NY 14219
Savers retail building on an approximately 2.69-acre site with a 22-year triple-net lease in Buffalo, NY.
Property Size21,525 SF
Lot Size2.69 Acres
Price / SF$206.90
Days on Market204
Property Features for 3701 McKinley Pkwy
General Information
Standard status
Active
Size
21,525 SF
Total Parking Spaces
112
Lot size
2.69 Acres
Property subtype
Retail
Zoning
C2
Building Details
Building Size
21,525 SF
Year Built
1986
Listing Agency:
APEX Commercial Real Estate Advisors
Listed By:
Ayson Shammami · License #6502433307
(248) 554-5709
Source:
Cpix.resimplifi
Added: Apr 2
Changed: Oct 7
Last Checked: Oct 20 at 5:12PM
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 APEX Commercial Real Estate Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
An NNN-leased Savers retail property offering approximately 21,525 rentable square feet of building space on an estimated 2.69-acre parcel. The property is subject to a 22-year Triple Net (NNN) lease that commenced 1/1/2011.
The current annual rent is $322,875, with scheduled increases of 6.67% in 2028, 9.37% (1st Option), and Fair Market Rent (2nd Option). The property is located at 3701 McKinley Parkway, Buffalo, New York 14219.
The current annual rent is $322,875, with scheduled increases of 6.67% in 2028, 9.37% (1st Option), and Fair Market Rent (2nd Option). The property is located at 3701 McKinley Parkway, Buffalo, New York 14219.
Key Highlights
- Savers retail building with 21,525 rentable SF on an estimated 2.69‑acre parcel at 3701 McKinley Parkway, Buffalo, NY 14219.
- Backed by a 22‑year triple‑net (NNN) lease that commenced 1/1/2011.
- Current annual rent is $322,875 with scheduled increases in 2028 and other option terms.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$209,667
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,193,340
$4.2M
Cap Rate 7%
$2,995,243
$3.0M
Cap Rate 9%
$2,329,633
$2.3M
Market Conditions
NOI Build-Up for 21,525 SF
Gross rent
$335.8K $15.60/SF
− Vacancy
−$36.3K −$1.68/SF
EGI
$299.5K $13.92/SF
− OpEx
−$89.9K −$4.17/SF
NOI
$209.7K $9.74/SF
Area
Buffalo, NY
Vacancy
10.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,193,340
Cap Rate 7%
$2,995,243
Cap Rate 9%
$2,329,633
Alternative Uses
Best Use
Retail
$3.00M
$2.62M – $3.49M
NOI $209,667 @ 7.0% cap · market cap 4.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.18M
$4.53M – $6.04M
NOI $362,343 @ 7.0% cap · market cap 8.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
531
Businesses Nearby
99k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 80%
Electronics 15%
Apparel 3%
Shops & Services 2%
Chick-fil-A
Dining
51,163 visits/mo
0.1 miles
McDonald's
Dining
28,465 visits/mo
0.2 miles
Best Buy
Electronics
14,485 visits/mo
0.4 miles
SKECHERS Factory Outlet
Apparel
3,231 visits/mo
0.1 miles
Firestone Complete Auto Care
Shops & Services
1,254 visits/mo
0.5 miles
Demographics for 14219, NY
11,593
Population
5,612
Households
2.1
Avg Household Size
42
Median Age
21%
College-Educated
94%
High-School Grad
6.9 sq mi
ZIP Area
1,680
Density / Sq Mi
$75,465
Median Household Income
$45,957
Median Earnings
$928
Median Rent
$181,800
Median Home Value
Market
Vacancy Rate% for Retail in Buffalo, NY
Frequently Asked Questions
What type of property is this?
Retail space - Savers retail building on an approximately 2.69-acre site with a 22-year triple-net lease in Buffalo, NY.
Where is this retail space located?
The property is located at 3701 McKinley Pkwy Buffalo, NY.
What is the asking price?
The asking price for this property is $4,453,448.
What are key features of this property?
This property features: Savers retail building with 21,525 rentable SF on an estimated 2.69‑acre parcel at 3701 McKinley Parkway, Buffalo, NY 14219.; Backed by a 22‑year triple‑net (NNN) lease that commenced 1/1/2011.; Current annual rent is $322,875 with scheduled increases in 2028 and other option terms.
