Shopping Community

Speedway & Dunkin Three Tenant Retail

2024 Grand Island Boulevard, Grand Island, NY 14072

Listing Price: $1,950,000

Cap Rate
6.75%
Gross SF
4,470
Rentable SF
4,470
Price/Gross SF
$436.24
Lot Size
1.60 acres
Year Built
1978

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale a 4,470 square foot three tenant retail property located in Grand Island, (Erie County) New York.

Grand Island is a town located in Erie County, New York. The town of Grand Island is located in the northwestern corner of Erie County, and on the Canada/US border, although there is no river crossing to Canada. It is northwest of Buffalo and is traversed by Interstate 190 and New York State Route 324. Paired bridges connect the south end of the island to the town of Tonawanda, and another pair of bridges connects the northern end to the city of Niagara Falls in Niagara County. The two sets of bridges carry Interstate 190, a branch of the New York State Thruway (Interstate 90). In addition, New York State Route 324 (Grand Island Boulevard) is conjoined with I-190 at the southern bridges and reaches its western terminus in the northern part of Grand Island. The major roadways that pass through or near Grand Island are Interstate 190, New York State Route 324, Beaver Island Parkway & West River Parkway.

The asking price of $2,050,000 represents a 6.88% cap rate.

Investment Highlights

  • Beginning of 2020 Speedway Took Over Sunoco Lease, 7-Eleven Will Be Acquiring All
  • July 2020 Dunkin Increased Their Percentage Rent By 50 Basis Points
  • January 2020 Pizza Amore Extended Their Lease By 10 Years
  • Eight Miles from Niagara Falls State Park (9,500,000 Annual Visitors)
  • July 2020 Dunkin Added An Additional Three Five-Year Options
  • Only Dunkin on the Grand Island

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    License(s): NY: 30HO1135163

    New York

Financing By

Shopping Community

Speedway & Dunkin Three Tenant Retail

Listing Price: $1,950,000

Cap Rate
6.75%
Gross SF
4,470
Rentable SF
4,470
Price/Gross SF
$436.24
Lot Size
1.60 acres
Year Built
1978

Investment Highlights

  • Beginning of 2020 Speedway Took Over Sunoco Lease, 7-Eleven Will Be Acquiring All
  • July 2020 Dunkin Increased Their Percentage Rent By 50 Basis Points
  • January 2020 Pizza Amore Extended Their Lease By 10 Years
  • Eight Miles from Niagara Falls State Park (9,500,000 Annual Visitors)
  • July 2020 Dunkin Added An Additional Three Five-Year Options
  • Only Dunkin on the Grand Island

Investment Overview

Marcus & Millichap is pleased to exclusively list for sale a 4,470 square foot three tenant retail property located in Grand Island, (Erie County) New York.

Grand Island is a town located in Erie County, New York. The town of Grand Island is located in the northwestern corner of Erie County, and on the Canada/US border, although there is no river crossing to Canada. It is northwest of Buffalo and is traversed by Interstate 190 and New York State Route 324. Paired bridges connect the south end of the island to the town of Tonawanda, and another pair of bridges connects the northern end to the city of Niagara Falls in Niagara County. The two sets of bridges carry Interstate 190, a branch of the New York State Thruway (Interstate 90). In addition, New York State Route 324 (Grand Island Boulevard) is conjoined with I-190 at the southern bridges and reaches its western terminus in the northern part of Grand Island. The major roadways that pass through or near Grand Island are Interstate 190, New York State Route 324, Beaver Island Parkway & West River Parkway.

The asking price of $2,050,000 represents a 6.88% cap rate.

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    License(s): NY: 30HO1135163

    New York

Financing By

MM Texture Background
MM Textured Background Lower