1031 Clinton St Buffalo, NY 14206
- Retail properties
- 8,247 SF
- 0.94 lot acres
Current Use by Public Records
- Family Dollar / Dollar Store / Clothing Store
Property Details for 1031 Clinton St
- Year built
- 2019
- Lot size
- 0.94 lot acres
- Property size
- 8,247 SF
- Property type
- Retail properties
- Property subtype
- Retail space
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.8366
- Latitude
- 42.8782
