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10 Young St
Tonawanda, NY 14150
Walgreens · Retail Property For Sale
EXECUTIVE SUMMARY
Subject property is located at 10 Young St. Tonawanda, NY. Walgreens has a NN lease with an original term of 49 years. There are approx. 22 years remaining on the term.
**Beginning in 2027, Walgreens has the right to terminate the lease every 5 years.
Landlord is responsible for the roof and structure. The retail building is 13,905 +/sf built in 1996 on 1.9 AC. The site is located in the heart of the Tonawanda retail district near the intersecting bridges of Tonawanda and North Tonawanda.
Landlord has an exclusive on 500ft to the property and Walgreens has a first right of refusal with a 10 day response upon receipt.
Tonawanda is located in Erie County, NY and part of the Buffalo Niagara Falls Metro Area. Buffalo is the second largest city in the state of New York. The state of New York is the largest employer to the city of Buffalo, employing over 15,000 people.
Other top employers include, Kaleida Health, M&T Bank, the University of Buffalo, General Motors and Tops Friendly Markets.
Rent Schedule:
1/25/1997 – 1/31/2047 $150,000 (Annually)
Walgreens Termination Option Dates:
1/31/2027
1/31/2032
1/31/2037
1/31/2042
**Beginning in 2027, Walgreens has the right to terminate the lease every 5 years.
Landlord is responsible for the roof and structure. The retail building is 13,905 +/sf built in 1996 on 1.9 AC. The site is located in the heart of the Tonawanda retail district near the intersecting bridges of Tonawanda and North Tonawanda.
Landlord has an exclusive on 500ft to the property and Walgreens has a first right of refusal with a 10 day response upon receipt.
Tonawanda is located in Erie County, NY and part of the Buffalo Niagara Falls Metro Area. Buffalo is the second largest city in the state of New York. The state of New York is the largest employer to the city of Buffalo, employing over 15,000 people.
Other top employers include, Kaleida Health, M&T Bank, the University of Buffalo, General Motors and Tops Friendly Markets.
Rent Schedule:
1/25/1997 – 1/31/2047 $150,000 (Annually)
Walgreens Termination Option Dates:
1/31/2027
1/31/2032
1/31/2037
1/31/2042
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,000 SF
Building Class
C
Year Built
1996
Price
$2,178,073 CAD
Price Per SF
$155.58 CAD
Cap Rate
9.50%
NOI
$206,910 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.90 AC
Opportunity Zone
Yes
Zoning
C
Parking
50 Spaces (3.6 Spaces per 1,000 SF Leased)
Frontage
149’ on Young St
AMENITIES
- Pylon Sign
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 141600-039-460-0007-005-200 | Improvements Assessment | $2,459,214 CAD |
| Land Assessment | $163,572 CAD | Total Assessment | $2,622,786 CAD |
PROPERTY TAXES
Parcel Number
141600-039-460-0007-005-200
Land Assessment
$163,572 CAD
Improvements Assessment
$2,459,214 CAD
Total Assessment
$2,622,786 CAD
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