Home › NNN Properties For Sale › New York › Erie County
21 NNN properties are observed for sale in Erie County, New York across 15 tenants and 12 towns as of November 6, 2026, at a median asking cap rate of 6.75%, 10 basis points below the New York median of 6.85%. Investment Grade Research tracks each one across publicly marketed offerings and broker materials, places each listing in its county from its mapped location, checks rated tenants against the investment grade threshold, and publishes the observations here: which tenants and towns carry the inventory, what it is asking, how Erie County prices against New York and the national market, and how an acquisition or 1031 exchange buyer should work through it.
Asking cap rates in Erie County run from 5.25% to 9.02%, with the middle half of listings between 6.04% and 7.15%. Median asking price $1.43M (median $173 per SF). Average remaining lease term 8.0 years among 7 listings that state a term. 6 listings were first observed and 5 dropped off active tracking in the last 90 days. Figures update automatically across publicly marketed offerings and broker materials.
Erie County vs New York and the National NNN Market
| Measure | Erie County | New York | United States |
|---|---|---|---|
| Observed listings | 21 | 184 | 7,398 |
| Median asking cap rate | 6.75% | 6.85% | 6.35% |
| Middle half of asking cap rates | 6.04% to 7.15% | 6.00% to 7.50% | 5.70% to 7.15% |
| Median asking price | $1.43M | $2.40M | $2.77M |
| Average remaining lease term (listings stating a term) | 8.0 yrs | 8.4 yrs | 10.1 yrs |
| Listings with an investment grade rated tenant brand or parent company | 48% | 38% | 25% |
All three columns use the same listing rules. A county median reflects both location and which tenants are on the market, so compare any listing with its tenant’s cap rate range before reading a gap as a discount or a premium.
NNN Properties For Sale in Erie County: Latest Listings
Up to twenty-four single-tenant net lease properties in Erie County with published pricing, the newest from each tenant first. Below the table, the full listing browser carries every observed Erie County listing with tenant, town, cap rate, price and term filters. Open any listing and register for full property data, including the address, location map and an IG summary with due diligence questions.
| Tenant | Town | Asking Price | Cap Rate | NOI | Term Left | Built | Lease | |
|---|---|---|---|---|---|---|---|---|
| Dollar General | Alden | $834,706 | 8.50% | $70,950 | n/a | 2005 | Not stated | Get full property data |
| McDonald's | Alden | $1,355,905 | 5.25% | $71,185 | n/a | 2000 | Not stated | Get full property data |
| Starbucks | Buffalo | $3,441,667 | 6.00% | $206,500 | n/a | 2025 | Not stated | Get full property data |
| Denny's | Buffalo | $1,999,999 | 6.75% | $135,304 | n/a | 1978 | Not stated | Get full property data |
| Burger King | Cheektowaga | $1,833,000 | 6.05% | $110,899 | n/a | 2006 | Not stated | Get full property data |
| KinderCare | Lancaster | $3,809,810 | 6.85% | $260,972 | n/a | 2019 | Not stated | Get full property data |
| Tesla | Buffalo | $14,798,590 | 6.60% | $976,707 | 7.8 yrs | 2024 | NN | Get full property data |
| Pep Boys | West Seneca | $1,425,000 | 6.50% | $92,627 | 5.0 yrs | 1997 | NNN | Get full property data |
| O'Reilly Auto Parts | Buffalo | $1,226,666 | 6.75% | $82,800 | 7.4 yrs | n/a | NN+ | Get full property data |
| Valvoline | Tonawanda Town | $1,494,117 | 6.00% | $88,062 | 10.4 yrs | 1984 | NNN | Get full property data |
| Tops Friendly Market | Amherst | $18,333,300 | 6.00% | $1,100,000 | n/a | 1989 | Not stated | Get full property data |
| Dollar General | East Aurora | $1,319,814 | 7.30% | $96,346 | n/a | 2019 | Not stated | Get full property data |
| Dollar General | Grand Island | $1,829,000 | 6.85% | $125,281 | n/a | 2023 | Not stated | Get full property data |
| Dollar General | Buffalo | $1,400,000 | 8.00% | $112,500 | 5.0 yrs | 1995 | NN+ | Get full property data |
| Dollar General | Eden | $381,000 | 9.02% | n/a | n/a | 2003 | NN | Get full property data |
| Dollar General | Buffalo | $2,394,370 | 7.10% | $170,000 | 8.8 yrs | n/a | NN | Get full property data |
Showing 16 of 21 observed Erie County listings: the newest from each tenant first, then each tenant’s next newest. Listings without a published asking price and cap rate are not shown here.
Market observations aggregated from publicly marketed offerings and broker materials; not offerings by Investment Grade Income Property, LP. Asking price, cap rate and NOI as published by the offering party. Information deemed reliable but not guaranteed. Verify all figures before relying on them.
Erie County NNN Properties by Tenant
Listing count, median asking cap rate and cap range by tenant. Tenants with a linked page have a profile covering credit rating status, cap rates and inventory.
| Tenant | Listings | Median Cap | Cap Range | Median Price | |
|---|---|---|---|---|---|
| Dollar General | 6 | 7.65% | 6.85% to 9.02% | $1.36M | Dollar General NNN for sale |
| Bluewave Car Wash | 1 | n/a | n/a | $0.60M | |
| Burger King | 1 | n/a | 6.05% | $1.83M | Burger King NNN for sale |
| Denny's | 1 | n/a | 6.75% | $2.00M | |
| Goodwill | 1 | n/a | n/a | $0.25M | |
| KinderCare | 1 | n/a | 6.85% | $3.81M | |
| McDonald's | 1 | n/a | 5.25% | $1.36M | McDonald's NNN for sale |
| O'Reilly Auto Parts | 1 | n/a | 6.75% | $1.23M | O'Reilly Auto Parts NNN for sale |
| Pep Boys | 1 | n/a | 6.50% | $1.43M | Pep Boys NNN for sale |
| Starbucks | 1 | n/a | 6.00% | $3.44M | Starbucks NNN for sale |
| Tesla | 1 | n/a | 6.60% | $14.80M | |
| Tops Friendly Market | 1 | n/a | 6.00% | $18.33M | |
| Toscana Salon & Day Spa | 1 | n/a | n/a | $0.75M | |
| Tractor Supply | 1 | n/a | n/a | $5.37M | Tractor Supply NNN for sale |
| Valvoline | 1 | n/a | 6.00% | $1.49M | Valvoline NNN for sale |
Tenants with the most Erie County listings observed (all 15).
Tenant Credit in Erie County
10 of 21 observed Erie County listings (48%) are leased to tenant brands whose own or parent company’s verified S&P, Moody’s or Fitch rating is investment grade (BBB‑ or Baa3 and above) in the Investment Grade ratings database, compared with 38% across New York and 25% nationally. Brands not yet in the ratings database count as not rated, so the share is a floor. A franchised location may be leased to a franchisee rather than the rated company, so confirm the tenant and any guarantee in the lease. Ratings and outlooks by tenant are on the investment grade credit tenant ratings page.
Erie County NNN Properties by Town
The towns with the most observed Erie County listings are Buffalo (7), Alden (2), Amherst (2) and West Seneca (2). Tap any town in the table to filter the full listing browser to that town.
| Town | Listings | Median Cap | Avg Asking Price |
|---|---|---|---|
| Buffalo | 7 | 6.75% | $3.72M |
| Alden | 2 | 6.88% | $1.10M |
| Amherst | 2 | n/a | $9.29M |
| West Seneca | 2 | n/a | $1.01M |
| Cheektowaga | 1 | n/a | $1.83M |
| Clarence | 1 | n/a | $5.37M |
| Depew | 1 | n/a | $0.55M |
| East Aurora | 1 | n/a | $1.32M |
| Eden | 1 | n/a | $0.38M |
| Grand Island | 1 | n/a | $1.83M |
| Lancaster | 1 | n/a | $3.81M |
| Tonawanda Town | 1 | n/a | $1.49M |
Towns as named in each listing (all 12).
Erie County Economy at a Glance
| Measure | Value | Period | Source |
|---|---|---|---|
| Resident population | 946,741 (−0.6% since 2020) | 2025 | FRED NYERIE9POP, U.S. Census Bureau |
| Unemployment rate (not seasonally adjusted) | 4.2% | September 2026 | FRED NYERIE9URN, U.S. Bureau of Labor Statistics |
| Per capita personal income | $64,801 | 2024 | FRED PCPI36029, U.S. Bureau of Economic Analysis |
Latest published figures from FRED, Federal Reserve Bank of St. Louis, with the original publisher named. Each figure shows its own period and refreshes automatically when a new period is published.
NNN Properties in Counties Bordering Erie County
- NNN properties for sale in Niagara County, New York (7 listings)
- NNN properties for sale in Chautauqua County, New York (4 listings)
- NNN properties for sale in Genesee County, New York (2 listings)
- NNN properties for sale in Cattaraugus County, New York (1 listing)
Counties that share a boundary with Erie County, including boundaries along rivers and inland lakes (not open Great Lakes waters), by observed listings with a confirmed county. Bordering counties with no observed listings are not shown, and counties without their own page yet are listed for reference.
How These Figures Are Calculated
Figures cover single-tenant net lease properties observed for sale in Erie County, New York across publicly marketed offerings and broker materials, and refresh automatically with each Investment Grade Research update. Each listing is placed in its county from its mapped location using U.S. Census Bureau county boundaries and, where possible, confirmed against its street address through the Census Bureau geocoder or the county named in the listing; a listing whose county cannot be confirmed is left off this page but stays on the New York page. A listing counts while it is actively marketed; listings marked under contract, pending, on hold or closed are excluded, as are listings priced under $150,000. Medians use published asking prices and published cap rates; listings without a published cap rate are left out of cap rate figures. These figures describe what sellers are asking, not closed sale prices, and an auction listing may show its starting bid as the asking price. The New York and national comparisons use the same rules. Tenant credit uses verified ratings in the Investment Grade ratings database.
Frequently Asked Questions: NNN Properties For Sale in Erie County
How many NNN properties are for sale in Erie County, New York?
As of November 6, 2026, 21 single-tenant net lease properties are observed for sale in Erie County across 15 tenants and 12 towns. The count updates automatically as listings are added and withdrawn.
What cap rates are Erie County NNN properties asking?
The median asking cap rate is 6.75%, with the middle half of listings between 6.04% and 7.15%. Asking cap rates describe what sellers are asking, not closed sale prices.
How does Erie County compare with the rest of New York?
The Erie County median asking cap rate of 6.75% sits 10 basis points below the New York median of 6.85%. A county median reflects both location and which tenants are on the market, so compare a listing with its tenant’s cap rate range before reading the gap as a discount or a premium.
Which tenants have the most Erie County NNN listings?
The tenants with the most observed listings are Dollar General (6), then 14 other tenants with 1 listing each.
Which towns in Erie County have the most NNN listings?
The towns with the most observed listings are Buffalo (7), Alden (2), Amherst (2) and West Seneca (2). Tap a town in the town table to filter the listing browser.
More NNN Markets
- NNN properties for sale in New York, with New York transfer and property tax notes
- All NNN properties for sale by tenant
- 1031 exchange rules and replacement property strategy
- What a cap rate is and how to read one
Buying With 1031 Exchange Proceeds?
Compare this inventory with all 7,398 NNN properties observed for sale nationally on the 1031 exchange properties page, sorted by price band, tenant credit, remaining lease term and state. Then check your 1031 exchange deadlines: 45 days to identify replacement property and 180 days to close, or your tax return due date (including extensions) if that comes first (IRC 1031(a)(3); Treas. Reg. 1.1031(k)-1(b)(2)). General information, not tax or legal advice.
