3450 Union Rd
Buffalo, NY 14225

WellNOW Urgent Care · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Absolute NNN Ground Lease. 10% rent increase every 5 years.
  • Located at a premier retail corner and less than a mile from Walden Galleria Mall (Regional Mall).
  • Population of 270,000 within five (5) miles
  • New construction (rent commenced June 19, 2019).
  • Parent Company is Aspen Dental Management, Inc. 600+ locations nationwide. WellNow has over 200 locations.
  • Third busiest intersection in Buffalo MSA: Traffic counts at Walden/Union Intersection are 27,734/29,190

EXECUTIVE SUMMARY

Colliers and Pyramid Brokerage Company of Buffalo, as exclusive advisors, are pleased to present the opportunity to acquire this long term absolute NNN ground lease with WellNOW Urgent Care located at 3450 Union Road in Cheektowaga, NY ("The Property") – a 3,200 square foot retail property located on 0.49 acres. This single tenant building was constructed in 2019 by WellNOW, which is in year six (6) of a twenty (20) year lease with an additional four (4) five (5) year options. The property is next door to the strongest performing regional mall in WNY, a ten-minute drive from downtown Buffalo, and located at one of the busiest intersections in WNY. The site has excellent accessibility with multiple points of ingress-egress and is proximate to I-90. This offering provides a unique opportunity for investors to purchase a passive investment with stable cash flow with a committed tenant and annual rental increases.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,200 SF
Building Class
C
Year Built
2019
Price
$2,200,000
Price Per SF
$688
Cap Rate
5%
NOI
$110,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.49 AC
Zoning
05C
Parking
32 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
50 FT on Union Rd

AMENITIES

  • Pylon Sign

PROPERTY TAXES

  • Listing ID: 34647623

  • Date on Market: 1/29/2025

  • Last Updated:

  • Address: 3450 Union Rd, Buffalo, NY 14225