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600 Dick Rd
Buffalo, NY 14225
High Deposits, S&P "A-" Bank of America · Retail Property For Sale
Investment Highlights
- 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)
- 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 8.5 Yrs. of Term Remaining and Multiple Renewals Since 1972 (Showing Location Strength)
- 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 8.5 Yrs. of Term Remaining: Strong Operator with BOA Through Mergers Has Been In Place With Multiple Renewals Since 1972 (Demonstrating Continued Strength of Location)
• 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 8.5 Yrs. of Term Remaining: Strong Operator with BOA Through Mergers Has Been In Place With Multiple Renewals Since 1972 (Demonstrating Continued Strength of Location)
• 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
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,500 SF
Building Class
C
Year Built/Renovated
1972/2025
Price
$2,673,247 CAD
Price Per SF
$763.78 CAD
Cap Rate
6%
NOI
$160,324 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
Property Taxes
| Parcel Number | 143089-103-050-0003-001-110 | Improvements Assessment | $896,557 CAD |
| Land Assessment | $143,723 CAD | Total Assessment | $1,040,280 CAD |
Property Taxes
Parcel Number
143089-103-050-0003-001-110
Land Assessment
$143,723 CAD
Improvements Assessment
$896,557 CAD
Total Assessment
$1,040,280 CAD
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