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Cleve-Hill Medical Park 1439 Kensington Ave
9,400 - 34,000 SF of Retail Space Available in Buffalo, NY 14215
Highlights
- Value-add / Owner-user investment opportunity
- In-place income from seven (7) well established tenants totaling 19,084 square feet
- Corner location on two (2) NFTA bus routes
- Up to 24,600 SF available for occupancy (fire damaged August 2023, ready for redevelop/buildout)
- Historically vibrant neighborhood shopping center with low vacancy
- Easy access to the Kensington Expressway (Route 33. Ideal for: retail, medical, neighborhood services.
Space Availability (2)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 24,600 SF | Negotiable | Upon Application Upon Application Upon Application Upon Application Upon Application Upon Application | Triple Net | ||
| 1st Floor | 9,400 SF | Negotiable | Upon Application Upon Application Upon Application Upon Application Upon Application Upon Application | Triple Net |
1431-1479 Kensington Ave - 1st Floor
Now available for sale or lease, Cleve-Hill Plaza located at 1431-1479 Kensington Avenue, Buffalo, NY. Up to 24,600sf available for occupancy. Value-added owner-user investment opportunity. In-place income from seven well-established tenants totaling 19,084sf. Historically vibrant neighborhood shopping center with low vacancy. Corner location on two NFTA bus routes. Easy access to the Kensington Expressway. Ideal for retail, medical, neighborhood services.
- Lease rate does not include utilities, property expenses or building services
1431-1479 Kensington Ave - 1st Floor
Now available for sale or lease, Cleve-Hill Plaza located at 1431-1479 Kensington Avenue, Buffalo, NY. Up to 24,600sf available for occupancy. Value-added owner-user investment opportunity. In-place income from seven well-established tenants totaling 19,084sf. Historically vibrant neighborhood shopping center with low vacancy. Corner location on two NFTA bus routes. Easy access to the Kensington Expressway. Ideal for retail, medical, neighborhood services.
- Lease rate does not include utilities, property expenses or building services
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 1439 Kensington Ave , Buffalo, NY 14215
| Centre Type | Neighborhood Center | Gross Leasable Area | 53,084 SF |
| Parking | 175 Spaces | Total Land Area | 3.40 AC |
| Stores | 12 | Year Built | 1975 |
| Centre Properties | 1 | Cross Streets | Eggert Rd. |
| Frontage | 471 ft on Kensington Ave |
| Centre Type | Neighborhood Center |
| Parking | 175 Spaces |
| Stores | 12 |
| Centre Properties | 1 |
| Frontage | 471 ft on Kensington Ave |
| Gross Leasable Area | 53,084 SF |
| Total Land Area | 3.40 AC |
| Year Built | 1975 |
| Cross Streets | Eggert Rd. |
About the Property
53,084 square foot shopping center in Buffalo, NY. Restoration/redevelopment opportunity.
- Bus Route
- Pylon Sign
- Signage
- Signalised Intersection
-
Power Broker Benedict Borruso -
Pyramid Brokerage
Presented by
Cleve-Hill Medical Park | 1439 Kensington Ave
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