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    3505 Amelia Dr Orchard Park, NY 14127

    Sponsored
    For Sale
    $2,617,000

    Triple-net leased retail center, 7% cap rate.

    Property size:
    6,245 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional fee-simple retail property, located at 3505 Amelia Drive in Orchard Park, NY, presents a compelling investment opportunity. The 6,245 square foot building sits on a 1.48-acre lot and boasts a 100% occupancy rate with three established tenants: AT&T, Subway, and Yoga Six. Built in 2008, the property benefits from a strong tenant mix, providing diverse and stable income streams. Annual rent bumps are in place, as detailed in the rent schedule. The property enjoys excellent visibility on a major thoroughfare (Rt 179, Milestrip Rd), situated within a high-traffic retail corridor and affluent trade area. The current Net Operating Income (NOI) is $183,172, yielding an attractive 7.00% capitalization rate. Long-term tenant commitments are secured, including a recent seven-year renewal by AT&T. This property offers a compelling combination of strong cash flow, stable tenancy, and significant upside potential, making it an ideal addition to any investment portfolio. The asking price is $2,617,000. The property is offered as a gross lease with fee simple ownership. Operating expense collection is in place.

    Property Features for 3505 Amelia Dr

    General Information

    Property type
    Lifestyle centers
    Square Feet
    6,245 SF
    Lot Size
    64,469 SF

    Building Details

    Year Built
    2008

    HighLights

    • High‑traffic retail corridor location in Orchard Park, NY.
    • Dense, affluent trade area.
    • Long‑term tenant commitments with recent lease renewals, including a 7‑year AT&T renewal.
    • Excellent visibility on Rt 179 (Milestrip Rd).
    • Strong tenant mix of AT&T, Subway, and Yoga Six.
    • Attractive rental income with annual rent bumps.
    Property Profile Location Intelligence

    Current Use by Public Records

    AT&T Store Cell Phone Store Cingular Wireless Cell Phone Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Orchard Park
    County
    Erie
    State
    New York
    Longitude
    -78.78210651
    Latitude
    42.78961483

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    FAQs

    What type of property is this?
    Lifestyle center - Triple-net leased retail center, 7% cap rate.
    Where is this lifestyle center located?
    The property is located at 3505 Amelia Dr Orchard Park, NY.
    What is the asking price?
    The asking price for this property is $2,617,000.
    What are key features of this property?
    This property features: High-traffic retail corridor location in Orchard Park, NY.; Dense, affluent trade area.; Long-term tenant commitments with recent lease renewals, including a 7-year AT&T renewal.
    Request Owner's contact information
    3505 Amelia Dr Orchard Park, NY 14127
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    Orchard Park, NY 14127
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3505 Amelia Dr Orchard Park, NY 14127
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