Walgreens is a retail for sale in Depew, New York, listed at $2,142,850. Key details: year built 1996, building size 13,905 sqft, lot size 2 acres, stories 1. Listed by Ayson Shammami of APEX Commercial Real Estate Advisors on LoopingCloud and last updated August 28, 2026.

Key facts

Year Built

1996

Building Size

13,905 sqft

Lot Size

2 acres

Stories

1

Parking Spaces

30

Total Units

1

Building Class

Class B

Property Status

Normal Sale

Building Status

Existing

Pricing details

Financing

Third Party Financing

Investment Property

Active investment property

Acquisition options

Property Features

• Zoning: Comm - Commercial
• Frontage: 106’ on Broadway Ave

Highlights

• Offered at $2,142,850, the property generates a $150,000 annual NOI, providing investors with a compelling 7.00% going-in cap rate.
• The property is occupied by Walgreens, a nationally recognized pharmacy and healthcare retailer with 8,500+ locations and a long operating history dating back to 1901.
• The Walgreens lease commenced on January 25, 1997, under an original 35-year lease term, demonstrating a long-standing tenant relationship at the property.
• The current lease expires January 31, 2032, providing investors with 5+ years of remaining term, with Walgreens able to terminate in 2032 with notice.
• Following the current term, Walgreens has three additional 5-year renewal options, with the rent schedule showing $150,000 annually for each listed option period through 2042.
• The offering features a substantial 13,905-square-foot retail building situated on a generous 2.14-acre parcel.
• The property is located at 4815 Broadway, Depew, NY, with the OM's retailer map illustrating surrounding traffic counts of approximately 30,440+ VPD, 27,241+ VPD, and 18,900+ VPD.
• The property is surrounded by approximately 8,390 residents within 1 mile, 71,587 within 3 miles, and 145,831 within 5 miles. Average household income reaches $83,048 within 1 mile, $95,739 within 3 miles, and $92,995 within 5 miles.
• The property is subject to a NN lease, with the tenant responsible for HVAC, CAM, taxes, and insurance. Landlord responsibilities are limited to structure, roof, and parking lot.
• The property carries C-2 commercial zoning, offering broad retail and commercial use flexibility in an established Depew, NY location.

About this area - Depew

Population

26,537

Housing units

11,177

Land area

7.9 sq mi

County

Erie

Listing ID

CL-New York-28361

Published

Aug 28, 2026

Last updated

Aug 28, 2026

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