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STNL KeyBank (S&P "BBB")Top 6% Deposits in US 1930 Niagara Falls Blvd 6,656 SF Retail Building Tonawanda, NY 14150 $2,602,831 CAD ($391.05 CAD/SF) 5.85% Cap Rate
Investment Highlights
- Investment Grade (S&P “BBB”), Zero Management Asset: Below Market Rents ($16.05/S.F.) on Abs NNN Lease with KeyBank (NYSE: KEY) | 950 Branch Locations
- 2025, Tenant Self-Funded, Complete Interior/Exterior Remodel: with Early Lease Option Extension That Starts in 2028 with No LL Concessions
- Signalized Corner Location & Extremely High Traffic: Over 51,000 Vehicles Per Day Directly in Front of Site and Just off I-290 with 200,000+ VPD
- High Deposits!! Top 6% Across All KeyBank Locations in the U.S. w/ 10% Rental Increase in 2028: Offering Income Growth & Will Taking CAP Rate to 6.44%
- Strategically Location: Sitting on Oversized 3.27 Acre Parcel Site off the Main Retail Corridor with 5 Drive-Thru Lanes Included
- Strong Demographics: High Population Density: 101k+ in 3-Mile Radius & $275K+ in a 5-Mile Radius with Average Incomes of $103k+
Executive Summary
• Investment Grade (S&P “BBB”), Zero Management Asset with Below Market Rents ($16.05/S.F.): Absolute NNN Lease with KeyBank (NYSE: KEY)
• High Deposits!! Top 6% Across All KeyBank Locations in the United States
• 10% Rental Increase in 2028, Offering Income Growth & Will Take the CAP Rate to 6.44% Based on Asking Price
• KeyBank: One of the Nation’s Largest Bank-Based Financial Services Companies with 950+ Branch Locations Across 15 States, 17,000+ Employees, Reporting Record Revenue of $7.5 Billion in 2025 (Up 16% Year-Over-Year)
• 2025, Tenant Self-Funded, Complete Interior/Exterior Remodel and Early Lease Option Extension That Starts in 2028 with No LL Concessions
• Strategically Located on Main Retail Corridor Sitting on Oversized 3.27 Acre Parcel Site with 5 Drive-Thru Lanes Included
• Signalized Corner Location with Extremely High Traffic of Over 51,000 Vehicles Per Day and Just off I-290 with 200,000+ Vehicles Per Day
• Tenured Tenant with Continual Lease Extensions Signed Since 1978, Demonstrating Success and Commitment to Location
• Strong Demographics: High Population Density with over 101,000 People in 3-Mile Radius and Reaching over 275,000 in a 5-Mile Radius, with Average Household Incomes of $103,000
• Dominant Retail Corridor: Immediate Vicinity of Boulevard Consumer Square, Boulevard Mall, Target, ULTA Beauty, Walmart, Home Depot, Trader Joe’s, Starbucks, Chick-fil-A and Numerous National Retailers, Restaurants, and Service Providers
• Strong Educational Foundation: Direct Access to the University at Buffalo (2 Miles Away & Largest Public University in New York with ~34,000 Students & Faculty), Buffalo State University (~8,000+ Students & Faculty), Daemen University, Canisius University and Erie Community College (~10,000 Students & Faculty), Supporting a Highly Educated Workforce and Stable Population Base
• Heavy Concentration of Major Employers with Close Proximity to Downtown Buffalo & Niagara Falls: M&T Bank Corporate (~22,000 Employees Company-Wide), Kaleida Health (~10,000 Employees System-Wide), Catholic Health System (~10,000 Employees System-Wide), Kenmore Mercy Hospital (~1,500 Employees, 184 Beds), Delaware North Global HQ (~425 Employees), and Rich Products Global HQ (~13,000 Associates Worldwide)
• Approximately 10 Miles to Buffalo Niagara International Airport and Conveniently Positioned Between Downtown Buffalo and Niagara Falls, Providing Access to Major Employment Centers, Tourism Destinations and Regional Transportation Infrastructure
• Strong Local Schools: Tonawanda Middle/High School Routinely Ranked by U.S. News & World Report as a Top High School in the Buffalo-Niagara Metro Area
• High Deposits!! Top 6% Across All KeyBank Locations in the United States
• 10% Rental Increase in 2028, Offering Income Growth & Will Take the CAP Rate to 6.44% Based on Asking Price
• KeyBank: One of the Nation’s Largest Bank-Based Financial Services Companies with 950+ Branch Locations Across 15 States, 17,000+ Employees, Reporting Record Revenue of $7.5 Billion in 2025 (Up 16% Year-Over-Year)
• 2025, Tenant Self-Funded, Complete Interior/Exterior Remodel and Early Lease Option Extension That Starts in 2028 with No LL Concessions
• Strategically Located on Main Retail Corridor Sitting on Oversized 3.27 Acre Parcel Site with 5 Drive-Thru Lanes Included
• Signalized Corner Location with Extremely High Traffic of Over 51,000 Vehicles Per Day and Just off I-290 with 200,000+ Vehicles Per Day
• Tenured Tenant with Continual Lease Extensions Signed Since 1978, Demonstrating Success and Commitment to Location
• Strong Demographics: High Population Density with over 101,000 People in 3-Mile Radius and Reaching over 275,000 in a 5-Mile Radius, with Average Household Incomes of $103,000
• Dominant Retail Corridor: Immediate Vicinity of Boulevard Consumer Square, Boulevard Mall, Target, ULTA Beauty, Walmart, Home Depot, Trader Joe’s, Starbucks, Chick-fil-A and Numerous National Retailers, Restaurants, and Service Providers
• Strong Educational Foundation: Direct Access to the University at Buffalo (2 Miles Away & Largest Public University in New York with ~34,000 Students & Faculty), Buffalo State University (~8,000+ Students & Faculty), Daemen University, Canisius University and Erie Community College (~10,000 Students & Faculty), Supporting a Highly Educated Workforce and Stable Population Base
• Heavy Concentration of Major Employers with Close Proximity to Downtown Buffalo & Niagara Falls: M&T Bank Corporate (~22,000 Employees Company-Wide), Kaleida Health (~10,000 Employees System-Wide), Catholic Health System (~10,000 Employees System-Wide), Kenmore Mercy Hospital (~1,500 Employees, 184 Beds), Delaware North Global HQ (~425 Employees), and Rich Products Global HQ (~13,000 Associates Worldwide)
• Approximately 10 Miles to Buffalo Niagara International Airport and Conveniently Positioned Between Downtown Buffalo and Niagara Falls, Providing Access to Major Employment Centers, Tourism Destinations and Regional Transportation Infrastructure
• Strong Local Schools: Tonawanda Middle/High School Routinely Ranked by U.S. News & World Report as a Top High School in the Buffalo-Niagara Metro Area
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,656 SF
Building Class
B
Year Built/Renovated
1978/2025
Price
$2,602,831 CAD
Price Per SF
$391.05 CAD
Cap Rate
5.85%
NOI
$152,335 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
3.27 AC
Zoning
C
Parking
87 Spaces (13.07 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Banking
- Controlled Access
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Security System
- Signage
- Signalized Intersection
- Drive Thru
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- KeyBank (S&P “BBB”, NYSE: KEY)
- -
- 6,800 SF
- -
- Triple Net
- Oct 2033
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| KeyBank (S&P “BBB”, NYSE: KEY) | - | 6,800 SF | - | Triple Net | Oct 2033 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 146489-054-230-0004-003-000 | Improvements Assessment | $84,272 CAD |
| Land Assessment | $279,124 CAD | Total Assessment | $363,396 CAD |
Property Taxes
Parcel Number
146489-054-230-0004-003-000
Land Assessment
$279,124 CAD
Improvements Assessment
$84,272 CAD
Total Assessment
$363,396 CAD
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STNL KeyBank (S&P "BBB")Top 6% Deposits in US | 1930 Niagara Falls Blvd
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