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2078 Niagara St
Buffalo, NY 14207

7-Eleven | 11-Year NNN · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Convenience Store
Building Size
3,486 SF
Building Class
C
Year Built
1985
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.41 AC
Zoning
N-2C
Parking
22 Spaces (6.31 Spaces per 1,000 SF Leased)
Frontage
140 FT on Hertel Avenue

ABOUT 2078 NIAGARA ST , BUFFALO, NY 14207

Marcus & Millichap, on behalf of ownership, is pleased to exclusively offer the fee simple interest in this 7-Eleven Convenience Store located in Buffalo, New York. The Tenant, 7-Eleven, Inc., has new 11 years remaining on their absolute NNN lease. This is a long-established 7-Eleven location as the tenant has operated here since 1985, and recently exercised a 10-year extension through 2030. The lease features attractive rental increases of 10 percent every five years during the base term and three, five-year option periods. The fee-simple nature of the lease allows an investor the ability to depreciate the improvements which is increasingly rare on small price point deals such as this. The lease is corporately guaranteed by 7-Eleven, Inc., the world’s leading convenience store with an investment-grade credit rating of “AA-” by Standard & Poor’s.

PROPERTY TAXES

  • Listing ID: 17357433

  • Date on Market: 10/3/2019

  • Last Updated:

  • Address: 2078 Niagara St, Buffalo, NY 14207