Contacts

Craig Dunkle

SCOPE Commercial Real Estate Services

Property Details

Property Type Retail - Freestanding
Property Size 4,500 SF
Lot Size 0.38 Acre
Additional Rent Contact for pricing
Building Class C
Year Built 1960
Date Updated Dec 20, 2024

The property is located on Delaware Ave, which sees approximately 22,150 VPD, and is just off a central retail corridor, Sheridan Dr, which sees 27,936 VPD. Buffalo is the second-largest city in New York and has seen a population growth of 6.5% from 2010 to 2020. The Subject Property is located within the heavily populated northern suburbs of the city, with over 140,000 Residents within a 3-mile radius.SCOPE Commercial Real Estate Investment Services is pleased to exclusively present 3494 Delaware Ave, located in Buffalo, New York. The Subject Property consists of 4,500 SF and currently operates as a Citizens Bank with an absolute NNN lease. Citizens Bank recently signed the 7-year lease term, with 5% increases every three years and renewal options offering four (4) three (3) year terms. Citizens Bank, one of the largest banks on the East Coast, backs the lease with a corporate guarantee, with an S&P A- credit rating. Citizens Bank is the 13th largest retail bank in the United States. From 2020 to 2021 Citizens Financial Group has seen a 5% increase in deposits at Citizen Banks. The Subject Property’s location, which has been open since 2005 and backed by FDIC, has seen a 33% growth in deposits from 2020 ($76,240,000) to 2021 ($101,591,000).

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Highlights

Absolute NNN Lease - No Landlord Responsibilities or Expenses
33% Increase in Deposits from 2020 ($76,240,000) to 2021 ($101,591,000) at Subject Property
Delaware Ave Receives 21,509 VPD
Heavily Populated Area with Over 140,000 Residents within a 3 Mile Radius

Getting around

70/100
Walk Score ®
36/100
Transit Score ®
54/100
Bike Score ®

Powered by Walk Score ®

Location

City Buffalo, NY
Zip Code 14217
Market Buffalo

Points of Interest

Hertel & Wellington

2.44 miles
Hertel & Starin

2.64 miles
Hertel & Vorrhees

2.70 miles
Hertel & Voorhees

2.72 miles
University Station

3.15 miles
Marina Vista Apartments

3.17 miles
Humboldt–Hospital

3.75 miles
Metro Rail Station

5.54 miles
Lafayette Square

6.42 miles
Buffalo–Exchange Street Station

6.98 miles

Tops

0.19 miles
ChargePoint

0.37 miles
Mobil

0.67 miles
Sunoco

0.68 miles
Exxon

0.78 miles
Speedway

0.81 miles
Citgo

0.82 miles
Valero

1.15 miles
Kwik Fill

1.35 miles
Tesla Destination Charger

3.04 miles

Rite Aid Parking Lot

0.74 miles
Tonawanda Rails-to-Trails

1.17 miles
Greenway trail parking

1.67 miles
Greenway parking

1.91 miles
Tonawanda Rail-Trail Parking

2.24 miles
Aurubis Buffalo Visitor Parking

2.44 miles
DuPont Yerkes Contractor Parking

2.61 miles
CVS lot

2.69 miles
Park and Ride Lot

2.98 miles

McDonald's

0.07 miles
Pie-O-Mine / Greens

0.12 miles
Burger King

0.14 miles
Panera Bread

0.16 miles
Chipotle

0.19 miles
Mighty Taco

0.23 miles
Tropical Smoothie Cafe

0.23 miles
Naan-Tastic

0.24 miles
Jersey Mike's Subs

0.24 miles
Chinatown

0.25 miles

Tops

0.23 miles
Save-A-Lot

0.27 miles
ALDI

0.32 miles
Dash's Market

0.79 miles
Price Rite Marketplace

1.57 miles
Burlington

1.66 miles
Target

1.67 miles
Big Lots

1.80 miles
Gordon Food Service

1.98 miles
Jerusalem Halal Market

2.21 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.