NN+ Lease with Corporate Guarantee | Family Dollar (Dark) | Buffalo NY

Highlights:

• Corporate Guarantee – The remaining 4 years boast a commitment of annual rent of $123,472.
• NN+ Lease Type – Provides a stable investment by shifting responsibility for property taxes, insurance, and maintenance to the tenant, reducing landlord expenses and ensuring predictable income with minimal management involvement.
• Potential for Redevelopment or Re-Leasing – The property offers potential for future redevelopment or re-leasing to a different tenant, providing an opportunity for value appreciation based on shifts in market conditions and tenant demand.
• Strategic Location – Within a 3-mile radius, the population exceeds 140,000 residents, providing a large customer base and high foot traffic for retail properties.
• Affordable Living – Buffalo is recognized as one of the most affordable cities in the U.S., with a cost of living approximately 15% below the national average. This affordability is drawing in a growing number of new residents, particularly millennials and remote workers, seeking a more budget-friendly lifestyle.
• Future Development– Buffalo's vibrant arts, music, and culinary scenes are experiencing continuous growth, fueled by significant investments in cultural landmarks such as the Albright-Knox Art Gallery and the Canalside waterfront development.

Description:

RI Marketplace Online Auction April 28-30, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2414/nn-lease-with-corporate-guarantee-family-dollar-dark-buffalo-ny?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2414

Matthews Real Estate, in conjunction with RealINSIGHT Marketplace, are pleased to present for sale the Family Dollar (Dark) in Buffalo, NY, for auction. This freestanding retail property, built in 2019, spans approximately 8,247 square feet on a ±0.94-acre lot. Strategically located at 1031 Clinton St, the site benefits from a dense population exceeding 140,000 residents within a three-mile radius, ensuring strong consumer traffic. The property features a NN+ lease structure, providing a stable investment with minimal landlord responsibilities. Although the store is dark, Family Dollar continues to pay rent, generating a secure annual income of $123,472 for the next four years—giving investors time to plan a strategic repositioning of the asset. With its modern construction, ample parking, and proximity to major transportation routes, this property offers significant redevelopment potential for a variety of retail, service, or mixed-use concepts. Whether repositioning for a new tenant or exploring alternative uses, this is a prime opportunity to capitalize on Buffalo’s growing retail landscape. Bidding starts at $350,000, with the auction scheduled from April 28 to April 30.

Ralph Passono, Jr.
c/o Fisher Auction Company Inc.
License: 1
NY Broker No.:10311203946

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