8790 Erie Rd - Freestanding FOR SALE


Angola, NY 14006
$897,000 USD
201-215-1802
8790 Erie Rd, Angola, NY for Sale
$897,000 USD
Freestanding - FOR SALE
1/5
null | 7.63% Cap Rate

8790 Erie Rd
Angola, NY 14006


HIGHLIGHTS

  • Long Term Tenant
  • Attractive Rent Increases
  • Operating Expense Protection
  • Investment Grade Credit
  • Upgraded Contruction
  • Strategic Location

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding Dollar General investment property located at 8790 Erie Road in Angola, New York (the “Property”). Dollar General has been at this location since it was constructed and extended their lease 2+ years early for an additional 5 years, demonstrating their commitment to the site and the market. Dollar General has 7 years remaining on their lease with two (2), 5-year renewal options. The lease features attractive rent increases at the start of each renewal option. The Property is well located along Erie Road (NY Route 5), the area’s primary commercial and commuter corridor, and enjoys outstanding frontage and visibility with a large pylon sign. The Property is positioned in between the shores of Lake Erie and Angola’s Village Center (both 1.4-miles away) and enjoys outstanding access to area schools, and Angola’s prominent commercial tenants. Angola is positioned along the shores of Lake Erie approximately 20 miles southwest of Buffalo, the economic center of western New York.

FOR SALE DETAILS

PRICE

$897,000 USD

PRICE/SF

$129 USD /SF

CAP RATE

7.63%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.23 AC

LAND SF

140,699 SF

ZONING

-

APN/PARCEL ID

144489-235-000-0002-043-200

ASK ABOUT THIS PROPERTY

Steven SchiavelloHorvath & TremblayMore Info
201-215-1802

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Steven SchiavelloHorvath & TremblayMore Info
201-215-1802

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