1031 Clinton StBuffalo, NY 14206

Property Details for 1031 Clinton St

Year built

2019

Lot size

0.94 AC

Property size (Sq ft)

8,247 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a 8,247 square foot, single-tenant storefront property located at 1031 Clinton St, Buffalo, NY 14206. The property, built in 2019, boasts a strong 7-year remaining lease with a corporate guarantee, ensuring consistent rental income. The Net Operating Income (NOI) is $123,472, resulting in a compelling 7.72% cap rate. The lease is a Net Net Plus (NN+) structure, meaning the tenant is responsible for property taxes, insurance, and maintenance, minimizing landlord expenses. The property sits on a 0.94-acre lot and benefits from its strategic location within a 3-mile radius of over 140,000 residents, ensuring high foot traffic and a substantial customer base. Buffalo's affordability, coupled with its burgeoning arts and cultural scene, contributes to a growing population and a positive outlook for future development and potential property value appreciation. This property offers significant potential for long-term income generation and future redevelopment or re-leasing opportunities. The asking price is $1,600,000.

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.8782

Longitude

-78.8366

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