Bank
Key Bank Ground Lease (BBB+ by S&P) | $236M Deposits | Near New $2.1B Buffalo Bills Stadium
3030 Union Rd, Orchard Park (Buffalo/Niagara MSA), NY 14127
Listing Price: $1,901,000
Cap Rate
5.60%
Tenant Name
Key Bank
Years Remaining On Lease
8.9
Guarantor
Corporate Guarantee
Rentable SF
4,303
Lease Type
NNN Ground Lease
Rent Per Square Feet
$24.75
Investment Overview
Marcus & Millichap is pleased to present the Key Bank in Orchard Park, NY.
Key Bank Ground Lease (BBB+ by S&P) | $236M Deposits | Near New $2.1B Buffalo Bills Stadium
Investment Highlights
- 9 Years Remaining on Absolute NNN Ground Lease, Early Lease Extension
- 10% Rent Increases Every 5 Years in Base Term and Options
- Strong Reported Deposits in Excess of $236 Million, Proven Location
- Tenant Plans on Renovating the Branch in July 2026, All-Brick Building with 3 Drive-Thru Lanes
- Branch Ranks in the Top 92nd Percentile Nationwide for KeyBank (Placer.ai)
- Investment Grade Credit Tenant (BBB+ by S&P), 950+ Locations and $11.2 Billion in Revenue
- Serving 144,000 Residents in Affluent Suburb to Buffalo, Strategic Regional Location
Exclusively Listed By
Broker of Record
Bank
Key Bank Ground Lease (BBB+ by S&P) | $236M Deposits | Near New $2.1B Buffalo Bills Stadium
Listing Price: $1,901,000
Cap Rate
5.60%
Tenant Name
Key Bank
Years Remaining On Lease
8.9
Guarantor
Corporate Guarantee
Rentable SF
4,303
Lease Type
NNN Ground Lease
Rent Per Square Feet
$24.75
Investment Highlights
- 9 Years Remaining on Absolute NNN Ground Lease, Early Lease Extension
- 10% Rent Increases Every 5 Years in Base Term and Options
- Strong Reported Deposits in Excess of $236 Million, Proven Location
- Tenant Plans on Renovating the Branch in July 2026, All-Brick Building with 3 Drive-Thru Lanes
- Branch Ranks in the Top 92nd Percentile Nationwide for KeyBank (Placer.ai)
- Investment Grade Credit Tenant (BBB+ by S&P), 950+ Locations and $11.2 Billion in Revenue
- Serving 144,000 Residents in Affluent Suburb to Buffalo, Strategic Regional Location
Investment Overview
Marcus & Millichap is pleased to present the Key Bank in Orchard Park, NY.
Exclusively Listed By
Broker of Record
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