6934 Elaine Dr, Niagara Falls, NY for sale

Investment Overview

Investment Opportunity! – Over 9% Cap Rate Exceptional investment opportunity featuring one of the busiest women's health medical practices in Western New York. This well-maintained 5,220± square foot medical office building, constructed in 2007, provides investors with stable income backed by an established and thriving medical practice. The current owner will execute a new 5-year lease at closing, with two additional 2-year renewal options to be negotiated. In addition, the property benefits from a 5-year lease with an existing subtenant. The property has also recently undergone a successful tax assessment challenge, resulting in reduced real estate taxes, which improves the property's net operating income and overall investment performance. Built for medical use, the property offers a functional healthcare layout, quality construction, ample on-site parking, and a convenient location serving the growing Niagara County market. With a long-standing medical tenant and attractive investment returns, this asset presents a rare opportunity to acquire a healthcare property with dependable cash flow. Located in Wheatfield/Niagara County Medical Business Park This offering combines the security of a medical-office tenant, above-market investment returns, and a modern healthcare facility, making it an excellent addition to any investor's portfolio.

Investment Highlights

• Investment Highlights:
• Over 9% capitalization rate
• 5,220± SF medical office building
• Built in 2007
• Occupied by one of the busiest women's health medical practices in Western New York
• New 5-year lease to be signed at closing
• Two 2-year renewal options to be negotiated
• Strong in-place cash flow and tenant commitment
• Well-maintained professional medical facility
• Attractive sale-leaseback investment opportunity
• Recent lowered tax assessment
• Back-up Generator