Technical
Financial
Distress signals
Property profile

6970 Transit Rd Buffalo, NY 14221

FOR LEASE
Drive through restaurants
Property ID
US63-3736954
7,155 SF 0.65 ac lot Built 1993
Entity Owned 15-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 3,400 square foot endcap retail space is situated in Buffalo, NY's vibrant Transit Road corridor, at 6970 Transit Rd, 14221. Located in Erie County, this property offers high visibility and accessibility, benefiting from its placement within a densely populated retail area. The space is part of a 7,600 square foot building with two suites, and boasts convenient cross-access with Wendy's. A generous parking lot is situated behind the building, ensuring ample parking for customers. The property enjoys exceptional proximity to major roadways, including I-90 (less than a mile away), providing easy access for both customers and employees. Transit Road itself is a high-traffic retail artery, home to numerous big-box retailers such as Wegmans, Tops, Home Depot, Lowe's, TJ Maxx, Hobby Lobby, Burlington, Walmart, Michael's, Target, Homegoods, and Kohl's, creating a strong draw for consumers. Additional nearby retailers include Starbucks (two locations), Burger King, Dunkin', Red Lobster, Olive Garden, Chili's, and Dairy Queen. Property taxes are $12 per square foot. The space becomes available April 1, 2023, with showings commencing 90 days prior to that date. This prime location presents a significant opportunity for businesses seeking high visibility and strong foot traffic in a thriving retail environment.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1993
Total area 7,155 SF
Lot 0.65 ac (28,314 SF)
APN 142289 82.09-4-6.11
UPID US63-3736954

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering

Location

6970 Transit Rd Buffalo, NY 14221
Buffalo metro Census 9601 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$355k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$400k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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