What is the asking price for Walgreens?

The lease rate for space here is Contact for pricing.

What type of property tenancy can you find at Walgreens?

This property is listed as Single Tenant.

What is the total size of Walgreens?

The property has a total square footage of 13,905 SF.

How many parking spaces are available at Walgreens?

Parking information for the property isn't currently listed. However, other nearby parking options include South Student Parking Lot, located 2.26 miles away , and North Student Parking Lot, which is 2.45 miles away.

4815 Broadway, Depew, NY 14043 | CommercialCafe.com

For Sale $2,142,850
Property Type Retail - Street Retail
Property Size 13,905 SF
Lot Size 2.14 Acre
Property Tenancy Single Tenant
Building Class C
Year Built 1996
Date Updated Sep 4, 2026

Description

Located in the bustling area of Depew, NY, this property offers a prime retail investment opportunity. Surrounding the area are popular establishments such as Tops Friendly Markets, Wegmans, and Tim Hortons, drawing in significant foot traffic. With convenient access to shops and restaurants, including national retailers such as Walmart and Home Depot, the location ensures high visibility and accessibility. Nearby attractions like Lancaster Opera House and Como Lake Park add to the area's appeal, making it an ideal destination for retail and street retail investors looking to capitalize on a vibrant commercial environment..

Highlights

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.
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 current lease expires January 31, 2032, providing investors with 5+ years of remaining term, with Walgreens able to terminate in 2032 with notice.
The offering features a substantial 13,905-square-foot retail building situated on a generous 2.14-acre parcel.
The property carries C-2 commercial zoning, offering broad retail and commercial use flexibility in an established Depew, NY location.
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 occupied by Walgreens, a nationally recognized pharmacy and healthcare retailer with 8,500+ locations and a long operating history dating back to 1901.
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 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 Walgreens lease commenced on January 25, 1997, under an original 35-year lease term, demonstrating a long-standing tenant relationship at the property.