301 Mdw Dr North Tonawanda, NY 14120-2819
Property profile & analytics
301 Mdw Dr North Tonawanda, NY 14120-2819
- Strip malls
- 95,085 SF
- 11.30 lot acres
Property ID
US63-4282444
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Tops Pharmacy / Pharmacy
- Tops / Gas Station
- Primo Water Refill & Exchange / Big Box & Wholesale Store
- Western Union / Bank / Credit Union
- Sherwin-Williams Paint Store / Hardware & Home Improvement / Building Supply
Property Details for 301 Mdw Dr
- Year built
- 2004
- Lot size
- 11.30 lot acres
- Property size
- 95,085 SF
- Zone code
- C-1
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 291200 182.05-2-6.11
- APU
- 291200182052611
Description
This exceptional investment opportunity presents a 58,000 square foot, single-tenant grocery store in North Tonawanda, NY. The property, built in 2004 and renovated in 2023, boasts a strong 6.85% cap rate and a substantial NOI of $942,500. Anchored by a credit-rated Tops Market, the property benefits from a long-term NNN lease with 9.7 years remaining until expiration (July 29, 2034), including recent lease extension. The tenant is responsible for roof maintenance and replacement, minimizing landlord responsibilities. Situated on a 4.387-acre lot with 380 parking spaces, the property enjoys high visibility and traffic counts, benefiting from its location within the Mid-City Plaza Shopping Center alongside national retailers such as McDonald's, CVS, and Walgreens. The Tops Market location is a top performer within the chain, ranking #18 nationally in visitation metrics, exceeding 1.1 million site visits in 2022. Northeast Grocery, Inc., the parent company of Tops Market, holds a 'B+' Long-Term Issuer Default Rating from Fitch Ratings. The property's strategic location is within 5 miles of over 129,000 people, 11 miles from downtown Buffalo, and less than 10 miles from Niagara Falls. The asking price is $13,760,000, representing a price per square foot of $237.24. Lease options include 3x5 and 1x4 year extensions. The property includes an on-site fuel center, further enhancing traffic and revenue generation. This is a rare opportunity to acquire a high-performing, well-located, and stable net lease investment.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $1,805,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- North Tonawanda
- County
- Niagara
- State
- New York
- Longitude
- -78.875
- Latitude
- 43.0508
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
$0.00
$833,300
$4,367,300
$5,200,600
-
$1,602,507
$8,398,693
$10,001,200
