3079 Bailey Ave Buffalo, NY 14215

Property Details for 3079 Bailey Ave

Year built

1956

Lot size

0.71 lot acres

Property size

9,200 SF

Zone code

N-3C

Property type

Retail space

APN

140200 90.33-1-27

APU

1402009033127

Description

This exceptional investment opportunity features a 9,200-square-foot O'Reilly Auto Parts store in Buffalo, NY, situated on a 0.83-acre lot at a high-traffic corner location (21,515 vehicles per day). The property boasts a brand-new roof and parking lot, and is subject to a 10-year net lease (commencing January 1, 2024, and expiring December 31, 2033) with a corporate guarantee from O'Reilly Automotive (NASDAQ: ORLY). The lease includes four, five-year renewal options, each with an 8% rent increase. Minimal landlord responsibilities are required. The strong demographics of the area include over 406,560 residents within a five-mile radius. The property benefits from ample parking and excellent ingress/egress, and is conveniently located near other major retailers such as Family Dollar, 7-Eleven, Tim Hortons, ALDI, Rent-A-Center, DaVita, M&T Bank, and Boost Mobile. The asking price is $1,380,000, representing a price per square foot of $150 and a 6.00% cap rate. The property is currently 100% occupied. This is a rare opportunity to acquire a high-performing, net-leased asset with a strong tenant and significant long-term growth potential.

Location Insight

City

Buffalo

County

Erie

State

New York

Longitude

-78.8132

Latitude

42.9387

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments