Single-Tenant Dollar
For Sale
Contact for pricing
437 Tonawanda Street, Buffalo, NY 14207
Freestanding, fully occupied Dollar General is offered as a corporate-guaranteed double net lease property.
Property Size10,050 SF
Lot Size1.22 Acres
Price / SF$139.30
Days on Market114
Property Features for 437 Tonawanda Street
General Information
Standard status
Active
Size
10,050 SF
Lot size
1.22 Acres
Property subtype
Retail
Zoning
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$112,500
Additional Details
Cap Rate
7.5%
Highway Access
Yes
Liquor License
Yes
Building Details
Year Built
1995
Year Renovated
2013
Tenancy
Single
Listing Agency:
Colliers - Fort Lauderdale, Florida
Listed By:
Christopher Twist · License #FL
(561) 602-8390
Source:
Crexi
Added: Jun 30
Changed: Oct 15
Last Checked: Oct 20 at 8:28PM
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 Colliers - Fort Lauderdale, Florida
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Investment Insights
Based on property information with market context.
A freestanding, single-tenant Dollar General is offered for sale on an infill parcel. The 10,050 square foot building is fully occupied under a corporate guaranteed double net lease with Dollar General. In September 2021, the tenant executed a seven-year extension to July 31, 2030, including three successive five-year renewal options with scheduled increases.
The property is located at 437 Tonawanda Street in Buffalo, New York, on a 1.22 acre parcel less than half a mile from the Niagara Thruway (Interstate 190) and roughly five miles from downtown Buffalo. The tenant obtained an on-site liquor license in 2019 and has committed to a corporate-funded remodel commencing in August 2026, including new fixtures, registers, self-checkout, floor work, and added refrigeration.
The property is located at 437 Tonawanda Street in Buffalo, New York, on a 1.22 acre parcel less than half a mile from the Niagara Thruway (Interstate 190) and roughly five miles from downtown Buffalo. The tenant obtained an on-site liquor license in 2019 and has committed to a corporate-funded remodel commencing in August 2026, including new fixtures, registers, self-checkout, floor work, and added refrigeration.
Key Highlights
- Freestanding single‑tenant Dollar General at 437 Tonawanda Street, Buffalo, NY
- 10,050 SF building fully occupied under a corporate guaranteed double net lease with Dollar General (NYSE: DG)
- Lease extension executed in September 2021: primary term through July 31, 2030, plus three successive 5‑year renewal options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,893
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,957,860
$2.0M
Cap Rate 7%
$1,398,471
$1.4M
Cap Rate 9%
$1,087,700
$1.1M
Market Conditions
NOI Build-Up for 10,050 SF
Gross rent
$156.8K $15.60/SF
− Vacancy
−$16.9K −$1.68/SF
EGI
$139.8K $13.92/SF
− OpEx
−$42.0K −$4.17/SF
NOI
$97.9K $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%
$1,957,860
Cap Rate 7%
$1,398,471
Cap Rate 9%
$1,087,700
Alternative Uses
Best Use
Retail
$1.40M
$1.22M – $1.63M
NOI $97,893 @ 7.0% cap · market cap 6.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.42M
$2.11M – $2.82M
NOI $169,178 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
800
Businesses Nearby
Explore this area
Business Placement
Demographics for 14207, NY
26,006
Population
11,317
Households
2.3
Avg Household Size
32
Median Age
19%
College-Educated
79%
High-School Grad
3.9 sq mi
ZIP Area
6,668
Density / Sq Mi
$38,951
Median Household Income
$33,851
Median Earnings
$943
Median Rent
$111,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Buffalo, NY
Frequently Asked Questions
What type of property is this?
Retail space - Freestanding, fully occupied Dollar General is offered as a corporate-guaranteed double net lease property.
Where is this retail space located?
The property is located at 437 Tonawanda Street Buffalo, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Freestanding single‑tenant Dollar General at 437 Tonawanda Street, Buffalo, NY; 10,050 SF building fully occupied under a corporate guaranteed double net lease with Dollar General (NYSE: DG); Lease extension executed in September 2021: primary term through July 31, 2030, plus three successive 5‑year renewal options
