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High Deposits, S&P "A-" Bank of America 600 Dick Rd 3,500 SF Retail Building Buffalo, NY 14225 $2,704,729 CAD ($772.78 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Reduced! Ideal, Zero Management Asset for Passive Investor: Absolute NNN Lease | Investment Grade Credit Bank of America (NYSE: BAC/S&P A-/Moody’s A1)
- Tenant Just Completed Self-Funded ($750,000)/Complete Modern Interior Renovation and Design, Further Strengthening Commitment to Location
- Strong Demographics in Buffalo’s 2nd Largest Suburb: Average Household Incomes Approx. $92k & High Population Density of 259k Residents Within 5-Mil
- Extremely Strong Deposits Reported: Established Location with 8.75 Yrs. of Term Remaining and Multiple Renewals Since 1972
- Low Price Point, No Management Responsibilities: Tenant Handles ALL Expenses Directly & Early Lease Extension with Rental Increase and Extensions
- Prominent, High Traffic (Approx. 40k Vehicles Per Day), Corner Location Directly Across From Wegman’s Grocery
EXECUTIVE SUMMARY
• Reduced! Ideal, Zero Management Asset for Passive Investor: Absolute NNN Lease with Investment Grade Credit Bank of America (NYSE: BAC/S&P A-/Moody’s A1)
• High Reported Deposit, Established Location with 8.75 Yrs. of Term Remaining: Strong Operator with BOA Through Mergers Has Been In Place With Multiple Renewals Since 1972
• Low Price Point, No Management Responsibilities: Tenant Handles ALL Expenses Directly
• Early Lease Extension with Rental Increase and Extensions, Proving Commitment and Success to the Location
• Bank of America: One of the World’s Leading Financial Institutions with Unmatched Convenience in the United States, Serving Approx. 69 Million Consumer and Small Business Clients with Approx. 3,700 Retail Financial Centers
• Just Completed, Complete Tenant Self-Funded ($750,000) Complete Modern Interior Renovation and Design, Further Strengthening the Commitment to the Location
• Strong Demographics in Buffalo’s 2nd Largest Suburb: Average Household Incomes Over $91,700 and High Population Density of 258,865+ Residents Within 5-Miles
• Prominent, High Traffic (Approx. 40k Vehicles Per Day), Corner Location Directly Across From Wegman’s Grocery
• Direct Route to Downtown Buffalo (10 Miles) from Eastern Suburbs: Corner Location at Dick Road and George Urban Blvd. with High Visibility Pylon Signage, Double Lane Drive-Thru and Easy Access to Route-33 and I-90
• 1.5 Miles to Buffalo’s Premier Shopping Destination, Walden Galleria: 1,600,000 S.F. of Premium Retailers/Restaurants and Entertainment: Lego Store, Dave & Busters, Regal 4DX Cinemas, Apple, lululemon, Urban Outfitters and Hundreds More
• Immediate Vicinity of Buffalo-Niagara International Airport (2 Miles) and 7.5 Miles to The University of Buffalo with 31,500 Students and Over 3,000 Employees
• Cheektowaga is Home to SUNY Empire State College (10,425 Students and Over 1,300 Academic Staff) and Villa Maria College (550 Students and Approximately 250 Academic Staff)
• Heavy Concentration of Major Employers Positioned 10 Miles to Downtown Buffalo & 25 Miles to Niagara Falls: Kaleida Health (8,194 Employees), Catholic Health System (7,368 Employees), M&T Bank Corporate (7,013 Employees), Roswell Park Institute (3,239 Employees), Geico Insurance (3,200 Employees) and One of the Top Attractions for Tourism, the Seneca Niagara Casino & Hotel (25 Miles), Employing Over 3,000
• High Reported Deposit, Established Location with 8.75 Yrs. of Term Remaining: Strong Operator with BOA Through Mergers Has Been In Place With Multiple Renewals Since 1972
• Low Price Point, No Management Responsibilities: Tenant Handles ALL Expenses Directly
• Early Lease Extension with Rental Increase and Extensions, Proving Commitment and Success to the Location
• Bank of America: One of the World’s Leading Financial Institutions with Unmatched Convenience in the United States, Serving Approx. 69 Million Consumer and Small Business Clients with Approx. 3,700 Retail Financial Centers
• Just Completed, Complete Tenant Self-Funded ($750,000) Complete Modern Interior Renovation and Design, Further Strengthening the Commitment to the Location
• Strong Demographics in Buffalo’s 2nd Largest Suburb: Average Household Incomes Over $91,700 and High Population Density of 258,865+ Residents Within 5-Miles
• Prominent, High Traffic (Approx. 40k Vehicles Per Day), Corner Location Directly Across From Wegman’s Grocery
• Direct Route to Downtown Buffalo (10 Miles) from Eastern Suburbs: Corner Location at Dick Road and George Urban Blvd. with High Visibility Pylon Signage, Double Lane Drive-Thru and Easy Access to Route-33 and I-90
• 1.5 Miles to Buffalo’s Premier Shopping Destination, Walden Galleria: 1,600,000 S.F. of Premium Retailers/Restaurants and Entertainment: Lego Store, Dave & Busters, Regal 4DX Cinemas, Apple, lululemon, Urban Outfitters and Hundreds More
• Immediate Vicinity of Buffalo-Niagara International Airport (2 Miles) and 7.5 Miles to The University of Buffalo with 31,500 Students and Over 3,000 Employees
• Cheektowaga is Home to SUNY Empire State College (10,425 Students and Over 1,300 Academic Staff) and Villa Maria College (550 Students and Approximately 250 Academic Staff)
• Heavy Concentration of Major Employers Positioned 10 Miles to Downtown Buffalo & 25 Miles to Niagara Falls: Kaleida Health (8,194 Employees), Catholic Health System (7,368 Employees), M&T Bank Corporate (7,013 Employees), Roswell Park Institute (3,239 Employees), Geico Insurance (3,200 Employees) and One of the Top Attractions for Tourism, the Seneca Niagara Casino & Hotel (25 Miles), Employing Over 3,000
FINANCIAL SUMMARY (ACTUAL - 2026) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$162,212
|
$46.35
|
FINANCIAL SUMMARY (ACTUAL - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $162,212 |
| Annual Per SF | $46.35 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,500 SF
Building Class
C
Year Built/Renovated
1972/2025
Price
$2,704,729 CAD
Price Per SF
$772.78 CAD
Cap Rate
6%
NOI
$162,212 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.63 AC
Zoning
05C
Parking
40 Spaces (11.43 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- 24 Hour Access
- Banking
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Security System
- Signage
- Signalized Intersection
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Finance and Insurance
- 3,500 SF
- -
- Triple Net
- Feb 2034
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving many million consumer and small business clients with retail financial centers, approximately ATMs (automated teller machines) and award-winning digital banking with millions verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Finance and Insurance | 3,500 SF | - | Triple Net | Feb 2034 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 143089-103-050-0003-001-110 | Improvements Assessment | $920,478 CAD (2024) |
| Land Assessment | $147,558 CAD (2024) | Total Assessment | $1,068,036 CAD (2024) |
PROPERTY TAXES
Parcel Number
143089-103-050-0003-001-110
Land Assessment
$147,558 CAD (2024)
Improvements Assessment
$920,478 CAD (2024)
Total Assessment
$1,068,036 CAD (2024)
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High Deposits, S&P "A-" Bank of America | 600 Dick Rd
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