7135 Buffalo Rd
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7135 Buffalo Rd
9,100 SF Retail Building Churchville, NY 14428 $975,000 ($107/SF) 6.26% Cap Rate
Executive Summary
Dollar General is the fastest growing retailer which currently boasts roughly 21,000 neighborhood general stores in 46 US states, primarily in the South, East, Midwest, and the Southwest. Roughly 75% of Dollar General’s sales are derived from consumables (including refrigerated, shelf-stable, and perishable foods,) in addition to everyday household items such as paper towels, bath tissues, paper dinnerware, laundry, and home cleaning supplies.
With its small-box store model typically measuring ± 9,100 sq. ft, Dollar General targets cost-conscious consumers that prefer easier and quicker access to items than at super-sized competitors such as Wal-Mart and Costco (which are also often much farther away). Indeed, Dollar General’s strategy of catering to the value-conscious has paid off big, both during and after the recession
With its small-box store model typically measuring ± 9,100 sq. ft, Dollar General targets cost-conscious consumers that prefer easier and quicker access to items than at super-sized competitors such as Wal-Mart and Costco (which are also often much farther away). Indeed, Dollar General’s strategy of catering to the value-conscious has paid off big, both during and after the recession
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
C
Year Built
2006
Price
$975,000
Price Per SF
$107
Cap Rate
6.26%
NOI
$61,035
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
5.30 AC
Zoning
05
Parking
40 Spaces (3.94 Spaces per 1,000 SF Leased)
Frontage
84 FT on Buffalo Rd
Amenities
- Pylon Sign
PROPERTY TAXES
Parcel Number | 264889-142-040-0001-031-000 | Improvements Assessment | $596,200 |
Land Assessment | $78,800 | Total Assessment | $675,000 |
PROPERTY TAXES
Parcel Number
264889-142-040-0001-031-000
Land Assessment
$78,800
Improvements Assessment
$596,200
Total Assessment
$675,000
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7135 Buffalo Rd
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