Investment Overview

Marcus and Millichap is pleased to present the American Freight Building, a 31,890 square foot single tenant retail building located at 778 Niagara Falls Blvd., North Tonawanda (Buffalo MSA), NY. Located on the hard corner of Shawnee Blvd and Sawyer Creek Road on 1.10 acres directly in front of a Walmart Supercenter, the property is 100% occupied by American Freight Appliances and Furniture who have successfully been operating in this location since 2014 and recently exercised their first 5-year renewal option indicating a long term commitment to the site. American Freight is a discount retailer selling quality furniture, mattresses and home appliances at everyday low prices. American Freight had revenue of $883,000,000 for the year ending December 31, 2022 and is owned and operated by The Franchise Group- a 4-billion-dollar conglomerate whose operating companies include The Vitamin Shoppe, Pet Supplies Plus, Buddy’s Home Furnishings and Wag N Wash in addition to American Freight. The Franchisee Group was taken private in August 2023. American Freight has an absolute triple net lease at below market rent and has 1–5-year renewal option remaining. The American Freight Building offers an investor the opportunity to acquire an asset with a long-term national tenant on a triple net lease at below market rent and below replacement cost with no management responsibility whatsoever.