1816 Lake Rd - Freestanding FOR SALE


Hamlin, NY 14464
$499,000 USD
716-640-0104
1816 Lake Rd, Hamlin, NY for Sale
$499,000 USD
Freestanding - FOR SALE
1/2
null | 8.06% Cap Rate

1816 Lake Rd
Hamlin, NY 14464


OVERVIEW

Prime Dollar General Investment Great investment opportunity in a well-maintained, free-standing building. This retail space covers 8,125 square feet & over 36 parking spaces, designed for a seamless customer experience. Occupied by Dollar General, a nationally recognized and stable tenant, this store has consistently showcased solid performance. Its status as a reliable, low-risk investment is further amplified by the care the property has received over the years. Offered as a NNN lease, investors enjoy perks of limited landlord responsibilities, allowing for a more passive investment experience. One of the most enticing aspects of the property is its return potential. Approximately a 8 CAP, better than average for a DG, buyers are presented with the promise of great returns. Moreover, this property is listed at a price significantly below its early 2023 appraisal, providing immediate equity advantage. Seize this opportunity to enhance your portfolio with a prime DG property that offers both immediate value & long-term growth potential.

FOR SALE DETAILS

PRICE

$499,000 USD

PRICE/SF

$61 USD /SF

CAP RATE

8.06%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

2.03 AC

LAND SF

88,427 SF

ZONING

CGB

APN/PARCEL ID

263000-029-010-0003-001-100

ASK ABOUT THIS PROPERTY

Michael McVinneyERA Team VP Real EstateMore Info
716-640-0104

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Michael McVinneyERA Team VP Real EstateMore Info
716-640-0104

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.