Tonawanda Retail for Sale - North
• 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
