Walgreens – Depew, NY · Depew NY See Location on Map
Subject property is located at 4815 Broadway in Depew, NY. Walgreens has a NN lease with an original term of 49 years. There are approx. 25 years remaining on the term. Beginning in 2027, Walgreens has the right to terminate the lease every 5 years.
Landlord is responsible for the roof and structure. The retail building is 13,905 +/sf built in 1996 on 2.1 AC. The site is a corner lot located at signalized intersection. Landlord has an exclusive on 500ft to the property and Walgreens has a first right of refusal with a 10 day response upon receipt.
Depew is located in Erie County, NY and part of the Buffalo Niagara Falls Metro Area. Buffalo is the second largest city in the state of New York. The state of New York is the largest employer to the city of Buffalo, employing over 15,000 people. Other top employers include, Kaleida Health, M&T Bank, the University of Buffalo, General Motors and Tops Friendly Markets.
Rent Schedule:
1/25/1997 – 1/31/2047 $150,000 (Annually)
Walgreens Termination Option Dates:
1/31/2027
1/31/2032
1/31/2037
1/31/2042
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