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    Property profile & analytics
    FOR LEASE
    Super regional malls

    4408 Milestrip Rd, Buffalo, NY 14219

    165,478 SF 9.79 ac lot Built 1991
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US63-1974156
    4408 Milestrip Rd, Buffalo, NY 14219 For Lease
    $23,165,000
    4408 Milestrip Rd, Buffalo, NY 14219
    View Listing →
    Property summary
    AI-generated overview

    BJ's Plaza, located at 4408 Milestrip Rd in Buffalo, NY 14219, offers a prime retail opportunity within a bustling shopping center. This 18,000 square foot storefront is part of a larger 176,045 square foot complex situated in Erie County's primary retail corridor, providing excellent visibility and accessibility. The property boasts convenient access from I-90, ensuring high traffic flow and customer convenience. The center is anchored by well-established national tenants including BJ's Wholesale Club, OfficeMax, Chuck E. Cheese, and Party City, creating a strong synergy and drawing a significant customer base. Built in 1991, the plaza sits on 19.57 acres of land and offers ample parking with 1000 spaces available for shoppers and employees. This multi-tenant property presents a unique chance to establish or expand a retail business in a high-demand location with established anchors and significant foot traffic. The property is classified as a retail storefront and is part of a larger retail center. The property's location and established tenant mix provide a strong foundation for success. This is an exceptional opportunity for businesses seeking high visibility and convenient access in a thriving retail environment.

    Property profile
    Verified
    Property type Super regional malls
    Use group REGIONAL SHOPPING CENTER, MALL
    Year built 1991
    Total area 165,478 SF
    Lot 9.79 ac (426,452 SF)
    APN 144889 151.18-5-6
    UPID US63-1974156
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Chuck E. Cheese Restaurant
    • Tim Hortons Cafe & Coffee Shop
    • BJ's Tire Center (Bike/Boat/Book/etc) Store Auto Parts Store
    • BJ's Bakery Bakery Specialty Food Shop
    • SVS Vision Optical Centers Eye Care Center Contact Lenses Supplier
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $29.19M
    Comparable Approach Comparable
    $16.23M
    Blend (final) Blend
    $23.17M
    Owner & transaction history
    Hamburg Holdings De LLC · 3 yrs held
    Hamburg Holdings De LLC
    since 2023
    Last sale
    $23.4M
    2 recorded transactions
    2023
    $23.4M
    2023
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $23.8M +10.7%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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