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2488 Grand Island Blvd

13,500 SF 100% Leased Retail Building Grand Island, NY 14072 £795,520 (£59/SF) 10% Net Initial Yield

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Executive Summary

11% CAP RATE! Centrally located plaza on under 3 acres. (6) units total. 2024 new front parking lot, site work/drainage, and flat roof work. New 30+ car parking lot 2018. New facade and metal mansard roof. Snap Fitness tenant has 2 brand new high efficiency furnaces and 2 new air conditioners, new exterior windows/doors, new rough plumbing for 4 bathrooms, rough electric, insulation and drywall. Dog Bar and Dog Grooming tenants. Warehouse tenant has (1) large heated warehouse space approx. 4,000 sq feet that was 100% freshly painted in 2024 with garage door entrance. Unique place with a lot of opportunity for the savvy investor. Fully occupied, current gross rents are $11,300, no CAM. Rents should be higher!