3701 McKinley Parkway Retail
  • Asking Price
    $4.5MAsking Price
  • Cap Rate
    7.25%Cap Rate
  • Gross Leasable Area
    21,525 SFGross Leasable Area
  • NOI
    $323KNOI
  • Occupancy
    100%Occupancy
  • Built
    1986Built

Description

Saver’s is a retail property for sale at 3701 McKinley Parkway in Buffalo, NY 14219. Its 21,525 SF of gross leasable area is 100% occupied, making the existing income stream central to the investment opportunity.

Built in 1986, the Property sits on 2.69 acres and has 101 parking spaces. The gross leasable area gives buyers a defined measure of the retail space generating income, while the site and parking are part of the property supporting that space. At 100% occupancy, the investment is anchored by the property’s current use rather than a vacant-space leasing plan. For a retail buyer, the relationship between the building, its site and its parking is relevant to how the property functions over the hold period.

The asking price is $4,453,448, with NOI of $322,875 and a 7.25% cap rate. Those figures put the purchase price and current income in direct view for an investor underwriting the acquisition. Full occupancy means the income profile presented here is tied to an occupied retail property, not an assumption that vacant space will be leased. Saver’s offers a buyer a straightforward retail investment proposition: a 21,525 SF property on 2.69 acres, with 101 parking spaces and an established income figure against which to judge the asking price.

Offering Summary

  • Asking Price
    $4,453,448
  • Price PSF
    $206.90
  • Property Type
    Retail
  • Size
    21,525 SF
  • Occupancy
    100%
  • Built
    1986
  • Parking
    101
  • Total Acres
    ~2.69 ac

Sale Details

  • Cap Rate
    7.25%
  • NOI
    $322,875

Documents

Property Address

3701 McKinley Parkway
Buffalo, NY 14219

Property Details

  • Property Type
    Retail
  • Gross Leasable Area
    21,525 SF
  • Year Built
    1986

Deal Team

Sal Yaldo profile image

Sal Yaldo

Managing Partner
Apex Commercial Real Estate Advisors
MI RE Lic. 6501438965