Single-Tenant Dollar
437 Tonawanda Street Buffalo, NY 14207
437 Tonawanda Street, Buffalo, NY, 14207
Contact for pricing
For Sale
Contact for pricing
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$149.25
Days on Market22
Property Features for 437 Tonawanda Street
General Information
- Standard status
- Active
- Size
- 10,050 SF
- Lot size
- 1.22 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1995
Listing agency
Colliers - Fort Lauderdale, Florida
(561) 602-8390
Listed by
Christopher Twist · License #FL
Source
Crexi
Added: Jun 30 Updated: Jul 21 at 12:06AM Checked: Jul 21 at 4:07AM
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
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
Local Financial Insights For Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $156.8k | $15.60 |
| − Vacancy | −$16.9k | −$1.68 |
| EGI | $139.8k | $13.92 |
| − OpEx | −$42.0k | −$4.17 |
| NOI | $97.9k | $9.74 |
10,050 SF · lease $15.60/SF/yr · vacancy 10.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.40M
$1.22M – $1.63M
NOI $97,893 @ 7.0% cap · market cap 6.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.42M
$2.11M – $2.82M
NOI $169,178 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Western Union
Bank
KeyMe Locksmiths
Locksmith
Dollar General
Grocery & Convenience Store
Similar For Sale Nearby
FAQs
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 $1,500,000.
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
