Starbucks NNN Drive-Through
531 ELMWOOD AVE, Buffalo, NY 14222
For Sale
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The corporate tenant’s lease runs through February 2036 and includes four additional five-year options.
Property SizeContact for details
Lot Size0.51 Acres
Days on Market8
Property Features for 531 ELMWOOD AVE
General Information
Standard status
Lot size
Property subtype
Financials
Asking Price
Cap Rate
Site & Location
Neighborhood
Drive-Thru
Additional Details
Tenant in Place
Building Details
Year Built
Listing Agency:
Iceberg Net Lease
Listed By:
Ned Ziv · License #CA 02108238
Source:
Crexi
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 8 at 3:55PM
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 Iceberg Net Lease
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Investment Insights
Based on property information with market context.
This NNN property is occupied by a Starbucks store that began operating in September 2025. Starbucks Corporation is the direct tenant, with no franchisee or guarantor. The lease extends through February 29, 2036, and provides four five-year options. Scheduled rent increases are 10% every five years during the initial term and option periods; monetary figures are excluded here.
The ±0.51-acre site is at the signalized intersection of Elmwood Avenue and West Utica Street in Buffalo. The tenant has exclusive use of the parking and exterior areas, along with a broad beverage exclusive. The property is adjacent to Elmwood Square Apartments, a 12-story building with 138 units. Buffalo’s Green Code prohibits new drive-throughs in most neighborhood mixed-use zones.
The ±0.51-acre site is at the signalized intersection of Elmwood Avenue and West Utica Street in Buffalo. The tenant has exclusive use of the parking and exterior areas, along with a broad beverage exclusive. The property is adjacent to Elmwood Square Apartments, a 12-story building with 138 units. Buffalo’s Green Code prohibits new drive-throughs in most neighborhood mixed-use zones.
Key Highlights
- Starbucks Corporation is the direct tenant; no franchisee or guarantor
- Lease runs through February 29, 2036, with four 5‑year options
- 10% rent increases every five years through the initial term and options
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,162
Businesses Nearby
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Business Placement
Demographics for 14222, NY
13,629
Population
7,355
Households
1.9
Avg Household Size
32
Median Age
63%
College-Educated
98%
High-School Grad
1.2 sq mi
ZIP Area
11,358
Density / Sq Mi
$83,692
Median Household Income
$50,045
Median Earnings
$1,168
Median Rent
$408,100
Median Home Value
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Market
Properties on Market for NNN properties in Erie County
Vacancy Rate% for Retail in Buffalo, NY
Frequently Asked Questions
What type of property is this?
NNN property - The corporate tenant’s lease runs through February 2036 and includes four additional five-year options.
Where is this nnn property located?
The property is located at 531 ELMWOOD AVE Buffalo, NY.
What is the asking price?
The asking price for this property is $3,441,667.
What are key features of this property?
This property features: Starbucks Corporation is the direct tenant; no franchisee or guarantor; Lease runs through February 29, 2036, with four 5‑year options; 10% rent increases every five years through the initial term and options
