Blue West Capital Represents Buyer in Sale of Single-Tenant KeyBank in Orchard Park, NY

Orchard Park, NY | Single-Tenant Ground Lease

Blue West Capital represented the buyer in the $1,820,000 sale of a single-tenant KeyBank ground lease located at 3030 Union Road in Orchard Park, New York.

Blue West Capital's Noah Harrison, Bryce McNeely, and Eric Diesch represented the buyer, a California-based investor.

The property is subject to a corporate absolute NNN ground lease with approximately 8.75 years remaining on the primary term. KeyBank recently committed significant capital to renovating the property and exercised an early five-year extension, demonstrating its long-term commitment to the location.

The branch reports approximately $236 million in deposits and ranks in the 92nd percentile nationwide for foot traffic among KeyBank locations, according to Placer.ai.

Located along Union Road, which sees approximately 24,000 VPD, the property is three miles from the Buffalo Bills' new $2.1 billion Highmark Stadium. Orchard Park is an affluent Buffalo suburb with average household incomes exceeding $113,000.

Transaction Highlights:

Property sold for $1,820,000
Blue West Capital represented the Buyer, a California-based investor
Underwrote 15+ single-tenant net lease offerings across the United States
Navigated a complex out-of-country closing utilizing an apostille certificate

Investment Highlights:

Corporate absolute triple-net (NNN) ground lease with ~8.75 years remaining
Early five-year lease extension showcases tenant's commitment to site
Branch boasts $236 million in deposits (2025)
92^nd percentile nationwide for KeyBank foot-traffic (Placer.ai)
Positioned three miles from the Buffalo Bills’ new $2.1 billion Highmark Stadium

Blue West Capital underwrote more than 15 single-tenant net lease offerings across the United States on the buyer’s behalf, ultimately identifying the KeyBank ground lease as a strong fit based on its passive lease structure, underlying real estate, branch performance, and investment-grade tenancy.

The transaction required coordination across two countries, five time zones, and three brokerage firms, along with an Apostille Certificate to complete the closing.

Our client was seeking a stable, passive, long-term retail investment to add to their portfolio. We ultimately landed on KeyBank given the strong underlying real estate, excellent deposit volume and foot traffic, and favorable lease terms backed by an investment-grade tenant.
Noah Harrison, Associate

We reviewed numerous single-tenant opportunities nationwide, and the buyer was ultimately drawn to this property because of its passive ground lease structure and the branch's strong in-market performance.
Bryce McNeely, Associate Director

This was a fun deal to be a part of. Getting it across the finish line required coordination across two countries, five time zones, three brokerage firms, and even an Apostille Certificate. While that's certainly not the typical transaction, the complexity made it a rewarding and memorable experience.
Eric Diesch, Director

Blue West Capital is actively working with buyers seeking additional single-tenant net lease investment opportunities nationwide.