7864-8020 Transit RdBuffalo, NY 14221

Premier Place, a Class A, 141,998 square foot shopping center in Buffalo, NY, presents a compelling investment opportunity. This stabilized, multi-tenant property boasts 96% occupancy and features a diverse tenant mix including Grocery Outlet, Harbor Freight, Chipotle, and Premier Liquors, among 21 total tenants. The strong tenant base benefits from credit-rated tenants and corporate guarantees, ensuring consistent income. Built in 1985 and renovated in 1998, the property comprises three buildings situated on a 10.748-acre lot in Erie County's General Business District (GB zoning). Ample parking is available with 465 spaces. The center enjoys a prime location on Transit Road (Route 78), a major retail thoroughfare with high daily traffic volume, and benefits from its proximity to I-90. The remaining lease term averages 6.5 years, with rent bumps detailed in the rent roll. Lease options are also available as outlined in the rent roll. This exceptional property offers significant upside potential, particularly given its location near the Eastern Hills Town Center's extensive mixed-use redevelopment project. The property's strong performance and strategic location make it an attractive investment for institutional buyers seeking a stabilized, high-performing asset in a growing market. Detailed financial information, including rent roll and lease options, is available upon request.