The Niagara & Ontario Plaza

Besen Partners, as exclusive agent for Ownership, is pleased to offer for sale, The Niagara & Ontario Plaza at 2207-2235 Niagara Street, Buffalo, NY 14207. Built in 1986, the property is 3 retail buildings built on a 3.05± AC lot with 8 retail units ( 70.1% occupancy) with 39,336± retail NRA (SF). Significant upside potential through leasing the remaining vacant units. New ownership can stabilize the property and achieve a 9.5%± cap rate by securing tenants for the available spaces.

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INVESTMENT HIGHLIGHTS

In-Demand Location

Easy access to NYS 190 (63,628 AADT ) and the Scajaquada Expressway (Rt 198) (28,813 AADT ) and Traffic Signal access at Niagara and Ontario Streets.

9.5%± Stabilized Cap Rate

Significant upside potential through leasing the remaining vacant units. New ownership can stabilize the property and achieve a 9.5%± cap rate by securing tenants for the available spaces.

Robust Market Metrics

Strong market occupancy of 95.1% provides a clear path for new ownership to achieve stabilized occupancy.

Strong Credit Tenants

The property benefits from two credit tenants occupying 56.1% of the building and a Tim Horton’s ground lease.