2136 George Urban Blvd, Depew, NY 14043-1848

This exceptional investment opportunity presents a 6,595 square foot Firestone Complete Auto Care, a single-tenant, net-leased property located at 2136 George Urban Blvd in Depew, New York. The property sits on 1.21 acres and boasts a strong 36+ year operating history with the current franchisee. Built in 1987 and renovated in 2017, including a new roof in 2019 with a 10-year transferable warranty, the building is well-maintained and situated in a high-traffic area with excellent visibility. The lease, a double net lease with minimal landlord responsibilities, has a remaining term of 4.9 years with two 5-year options, each including a 7.8% rent bump. The current asking price is $1,895,842, representing a 6.00% cap rate and a price per square foot of $287.47. The property generates a net operating income (NOI) of $113,750. This prime location is less than 3 miles from Buffalo Niagara International Airport and 2 miles from the Galleria Mall, benefiting from a dense trade area with over 70,375 people within a 3-mile radius and an average household income exceeding $84,722. The property is conveniently located along George Urban Blvd (14,659 vehicles per day) and Dick Rd (27,412 vehicles per day), with close proximity to I-90 and is an outparcel to Urbandale Plaza, a 257,000 square foot retail center anchored by Wegmans. The tenant, a Firestone franchisee, enjoys an "A" S&P credit rating, providing a strong corporate guarantee and demonstrating a long-term commitment to the location, having recently exercised a 5-year option. This is a rare opportunity to acquire a well-established, high-performing asset in a desirable location.