Press Releases
Marcus & Millichap Arranges Sale of Net-Leased AutoZone Property in Buffalo, N.Y.
July 13, 2026
BUFFALO, N.Y., July 13, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a net-leased AutoZone property in Buffalo, New York.
“This transaction required a highly coordinated execution strategy, as the sale occurred simultaneously with two refinancings tied to a three-property cross-collateralized loan,” said Mitch Grant. “After Rite Aid vacated the property, we guided the seller through the re-tenanting process, secured a new 10-year lease with AutoZone and generated multiple offers on the investment sale. Ultimately, AutoZone exercised its right of first refusal and acquired the property for its continued expansion in the Buffalo market.”
Grant and Nicholas Kanich, investment specialists in Marcus & Millichap’s Chicago Downtown office, in association with John Horowitz, Marcus & Millichap’s New York broker of record, had the exclusive listing to market the property on behalf of the private California-based seller.
The newly renovated, 11,400-square-foot AutoZone property is located at 291 W. Ferry St. The asset is backed by a newly signed 10-year corporate-guaranteed double-net lease and benefits from strong visibility, frontage on three streets and proximity to the Peace Bridge, which provides direct access between the United States and Canada.
“This transaction required a highly coordinated execution strategy, as the sale occurred simultaneously with two refinancings tied to a three-property cross-collateralized loan,” said Mitch Grant. “After Rite Aid vacated the property, we guided the seller through the re-tenanting process, secured a new 10-year lease with AutoZone and generated multiple offers on the investment sale. Ultimately, AutoZone exercised its right of first refusal and acquired the property for its continued expansion in the Buffalo market.”
Grant and Nicholas Kanich, investment specialists in Marcus & Millichap’s Chicago Downtown office, in association with John Horowitz, Marcus & Millichap’s New York broker of record, had the exclusive listing to market the property on behalf of the private California-based seller.
The newly renovated, 11,400-square-foot AutoZone property is located at 291 W. Ferry St. The asset is backed by a newly signed 10-year corporate-guaranteed double-net lease and benefits from strong visibility, frontage on three streets and proximity to the Peace Bridge, which provides direct access between the United States and Canada.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
