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Mid-City Plaza 287-301 Meadow Dr

88,832 SF 70% Leased Retail Building North Tonawanda, NY 14120 £11,018,385 (£124/SF) 6.75% Net Initial Yield

Executive Summary

High performing Tops Market location with over 1.1M site visits in 2022 according to visitation metrics provided by Creditntell. This Tops Market location ranks #18 of 125 locations in the chain nationally, in terms of visitation metrics. Tops extended their lease for over 12 years in 2022 and invested nearly $3M in renovating this location – demonstrating their long-term commitment to this shopping center. Tops fuel center on site drives additional traffic to the property and is included in the sale. Tops takes care of their own roof, including replacement. Infill location with over 127,000 people within 5-miles. Positioned 11 miles from downtown Buffalo and less than 10 miles from Niagara Falls.

Property Facts

Sale Type
Investment
Sale Condition
Sale & Leaseback
Property Type
Retail
Property Subtype
Supermarket
Building Size
88,832 SF
Building Class
C
Year Built/Renovated
1981/1986
Price
£11,018,385
Price Per SF
£124
Net Initial Yield
6.75%
NOI
£743,632
Percent Leased
70%
Tenancy
Multiple
Number of Floors
1
Loading Docks
1 Exterior
Building FAR
0.19
Land Acres
10.76 AC
Zoning
C-1 - Commercial use
Frontage
561 ft on Meadow Dr

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 64
  • 4,713 SF
  • Retail
  • In-Line
  • Now

Premier plaza in the center of North Tonawanda's densely populated residential area. Located at the intersection of Meadow Drive and Payne Avenue, attracting high traffic and visibility. Next to North Tonawanda Middle School and High School. The grocery-anchored center has a diverse mix of tenants including Tops, McDonalds, Tim Horton's, CVS, Dollar tree and more. Ample on-site parking. Strong demographics and traffic counts. Ideal for: a wide variety of retail users, restaurants, fitness centers, professional medical, wellness, office users, and more.

  • 68
  • 3,482 SF
  • Retail
  • In-Line
  • Now

Premier plaza in the center of North Tonawanda's densely populated residential area. Located at the intersection of Meadow Drive and Payne Avenue, attracting high traffic and visibility. Next to North Tonawanda Middle School and High School. The grocery-anchored center has a diverse mix of tenants including Tops, McDonalds, Tim Horton's, CVS, Dollar tree and more. Ample on-site parking. Strong demographics and traffic counts. Ideal for: a wide variety of retail users, restaurants, fitness centers, professional medical, wellness, office users, and more.

  • 74
  • 3,000 SF
  • Retail
  • In-Line
  • Now

Premier plaza in the center of North Tonawanda's densely populated residential area. Located at the intersection of Meadow Drive and Payne Avenue, attracting high traffic and visibility. Next to North Tonawanda Middle School and High School. The grocery-anchored center has a diverse mix of tenants including Tops, McDonalds, Tim Horton's, CVS, Dollar tree and more. Ample on-site parking. Strong demographics and traffic counts. Ideal for: a wide variety of retail users, restaurants, fitness centers, professional medical, wellness, office users, and more.

  • 79
  • 1,689 SF
  • Retail
  • In-Line
  • Now

Premier plaza in the center of North Tonawanda's densely populated residential area. Located at the intersection of Meadow Drive and Payne Avenue, attracting high traffic and visibility. Next to North Tonawanda Middle School and High School. The grocery-anchored center has a diverse mix of tenants including Tops, McDonalds, Tim Horton's, CVS, Dollar tree and more. Ample on-site parking. Strong demographics and traffic counts. Ideal for: a wide variety of retail users, restaurants, fitness centers, professional medical, wellness, office users, and more.

  • 80
  • 8,973 SF
  • Retail
  • In-Line
  • Now

Premier plaza in the center of North Tonawanda's densely populated residential area. Located at the intersection of Meadow Drive and Payne Avenue, attracting high traffic and visibility. Next to North Tonawanda Middle School and High School. The grocery-anchored center has a diverse mix of tenants including Tops, McDonalds, Tim Horton's, CVS, Dollar tree and more. Ample on-site parking. Strong demographics and traffic counts. Ideal for: a wide variety of retail users, restaurants, fitness centers, professional medical, wellness, office users, and more.

  • 81
  • 5,189 SF
  • Retail
  • In-Line
  • Now

Premier plaza in the center of North Tonawanda's densely populated residential area. Located at the intersection of Meadow Drive and Payne Avenue, attracting high traffic and visibility. Next to North Tonawanda Middle School and High School. The grocery-anchored center has a diverse mix of tenants including Tops, McDonalds, Tim Horton's, CVS, Dollar tree and more. Ample on-site parking. Strong demographics and traffic counts. Ideal for: a wide variety of retail users, restaurants, fitness centers, professional medical, wellness, office users, and more.

Space Size Space Use Position Available
64 4,713 SF Retail In-Line Now
68 3,482 SF Retail In-Line Now
74 3,000 SF Retail In-Line Now
79 1,689 SF Retail In-Line Now
80 8,973 SF Retail In-Line Now
81 5,189 SF Retail In-Line Now

64

Size
4,713 SF
Space Use
Retail
Position
In-Line
Available
Now

68

Size
3,482 SF
Space Use
Retail
Position
In-Line
Available
Now

74

Size
3,000 SF
Space Use
Retail
Position
In-Line
Available
Now

79

Size
1,689 SF
Space Use
Retail
Position
In-Line
Available
Now

80

Size
8,973 SF
Space Use
Retail
Position
In-Line
Available
Now

81

Size
5,189 SF
Space Use
Retail
Position
In-Line
Available
Now

64

Size 4,713 SF
Space Use Retail
Position In-Line
Available Now

Premier plaza in the center of North Tonawanda's densely populated residential area. Located at the intersection of Meadow Drive and Payne Avenue, attracting high traffic and visibility. Next to North Tonawanda Middle School and High School. The grocery-anchored center has a diverse mix of tenants including Tops, McDonalds, Tim Horton's, CVS, Dollar tree and more. Ample on-site parking. Strong demographics and traffic counts. Ideal for: a wide variety of retail users, restaurants, fitness centers, professional medical, wellness, office users, and more.

68

Size 3,482 SF
Space Use Retail
Position In-Line
Available Now

Premier plaza in the center of North Tonawanda's densely populated residential area. Located at the intersection of Meadow Drive and Payne Avenue, attracting high traffic and visibility. Next to North Tonawanda Middle School and High School. The grocery-anchored center has a diverse mix of tenants including Tops, McDonalds, Tim Horton's, CVS, Dollar tree and more. Ample on-site parking. Strong demographics and traffic counts. Ideal for: a wide variety of retail users, restaurants, fitness centers, professional medical, wellness, office users, and more.

74

Size 3,000 SF
Space Use Retail
Position In-Line
Available Now

Premier plaza in the center of North Tonawanda's densely populated residential area. Located at the intersection of Meadow Drive and Payne Avenue, attracting high traffic and visibility. Next to North Tonawanda Middle School and High School. The grocery-anchored center has a diverse mix of tenants including Tops, McDonalds, Tim Horton's, CVS, Dollar tree and more. Ample on-site parking. Strong demographics and traffic counts. Ideal for: a wide variety of retail users, restaurants, fitness centers, professional medical, wellness, office users, and more.

79

Size 1,689 SF
Space Use Retail
Position In-Line
Available Now

Premier plaza in the center of North Tonawanda's densely populated residential area. Located at the intersection of Meadow Drive and Payne Avenue, attracting high traffic and visibility. Next to North Tonawanda Middle School and High School. The grocery-anchored center has a diverse mix of tenants including Tops, McDonalds, Tim Horton's, CVS, Dollar tree and more. Ample on-site parking. Strong demographics and traffic counts. Ideal for: a wide variety of retail users, restaurants, fitness centers, professional medical, wellness, office users, and more.

80

Size 8,973 SF
Space Use Retail
Position In-Line
Available Now

Premier plaza in the center of North Tonawanda's densely populated residential area. Located at the intersection of Meadow Drive and Payne Avenue, attracting high traffic and visibility. Next to North Tonawanda Middle School and High School. The grocery-anchored center has a diverse mix of tenants including Tops, McDonalds, Tim Horton's, CVS, Dollar tree and more. Ample on-site parking. Strong demographics and traffic counts. Ideal for: a wide variety of retail users, restaurants, fitness centers, professional medical, wellness, office users, and more.

81

Size 5,189 SF
Space Use Retail
Position In-Line
Available Now

Premier plaza in the center of North Tonawanda's densely populated residential area. Located at the intersection of Meadow Drive and Payne Avenue, attracting high traffic and visibility. Next to North Tonawanda Middle School and High School. The grocery-anchored center has a diverse mix of tenants including Tops, McDonalds, Tim Horton's, CVS, Dollar tree and more. Ample on-site parking. Strong demographics and traffic counts. Ideal for: a wide variety of retail users, restaurants, fitness centers, professional medical, wellness, office users, and more.

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Walk Score ®
Very Walkable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 291200-182-005-0002-006-011 Improvements Assessment £3,445,800
Land Assessment £657,474 Total Assessment £4,103,273

PROPERTY TAXES

Parcel Number
291200-182-005-0002-006-011
Land Assessment
£657,474
Improvements Assessment
£3,445,800
Total Assessment
£4,103,273
(646) 838-3000

  • Listing ID: 29442802

  • Date on Market: 05/09/2023

  • Last Updated:

  • Address: 287-301 Meadow Dr, North Tonawanda, NY 14120

The Retail Property at 287-301 Meadow Dr, North Tonawanda, NY 14120 is currently available For Sale. Contact Cleeman Realty Group LLC for more information.

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© 2024 CoStar Group

Mid-City Plaza | 287-301 Meadow Dr
(646) 838-3000 x

Mid-City Plaza | 287-301 Meadow Dr

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Michael Cleeman

(646) 838-3000

(646) 838-3000

Sam Seelenfreund

(561) 336-9725

(561) 336-9725

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