4216-4220 Delaware Ave Tonawanda, NY 14150

Listing agency Marcus & Millichap - Columbus s***@ipausa.com Show Phone

Listed by Craig Fuller · License #OH 2008001551

Source Crexi

Added: Apr 10 Updated: Jul 23 at 4:49AM Checked: Jul 23 at 4:49AM

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Investment Insights

Based on property information with market context.

Del-Ton Plaza is a neighborhood retail strip center totaling 55,473 square feet and is currently 100% occupied. The property is anchored by Valu Home Centers, which occupies 35.5% of the gross leasable area and is leased through December 2024. Additional prominent tenants include Rite Aid and Dollar Tree, which together represent 43% of the gross leasable area. The remaining tenant mix includes Subway, Coffee Crazy, The Ideal You Weightloss Center, and Giovanni Hair Fashions. The center was completely renovated in 2012, including facade improvements.

Del-Ton Plaza is designed for ease of management, with only eight tenants in place. All tenants are under triple-net terms and also reimburse for management and/or contribute toward administrative fees, providing over 98% recovery of landlord operating expenses. Lease duration history is highlighted by 70% of the gross leasable area leased to the same tenants for the past 25 years or longer, supporting a low-turnover tenant base.

For more information on tenancy and lease terms, contact the exclusive advisor.

Key Highlights

• 55,473 SF neighborhood shopping strip in Tonawanda, NY currently 100% occupied
• Anchored by Valu Home Centers (35.5% of gross leasable area), leased through December 2024; tenant since 1990
• Rite Aid and Dollar Tree total 43% of gross leasable area; Rite Aid has been there 33+ years and Dollar Tree 17 years

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FAQs

What type of property is this?

Shopping center - Del-Ton Plaza is a fully leased neighborhood shopping strip anchored by Valu Home Centers.

Where is this shopping center located?

The property is located at 4216-4220 Delaware Ave Tonawanda, NY.

What are key features of this property?

This property features: 55,473 SF neighborhood shopping strip in Tonawanda, NY currently 100% occupied; Anchored by Valu Home Centers (35.5% of gross leasable area), leased through December 2024; tenant since 1990; Rite Aid and Dollar Tree total 43% of gross leasable area; Rite Aid has been there 33+ years and Dollar Tree 17 years