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175 E 4th St
Dunkirk, NY 14048
CVS · Retail Property For Sale
Investment Highlights
- Long-Term Lease Extension: CVS has operated at this location since 2000 and, in 2014, executed a 25-year lease extension
- Rental Escalations: The lease features 5% rental increases every five years throughout the option periods
- Proximity To University: The property is located approximately two miles north of the State University of New York at Fredonia, a historic institution
- Exclusive Pharmacy Presence: As the only national chain drugstore within a 16-mile radius
- Integrated Healthcare Location: CVS benefits from proximity to key healthcare providers, including Brooks Memorial Hospital, The Chautauqua Center
- Investment Grade Credit Tenant: The lease is guaranteed by CVS Health Corporation, a Fortune 500 pharmaceutical and health services company
Executive Summary
Broker of Record
Cory Rosenthal
License # 10991237833, 10311210106 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017
(866) 889-0550
Cory Rosenthal
License # 10991237833, 10311210106 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,125 SF
Building Class
B
Year Built
1998
Price
$4,148,244 CAD
Price Per SF
$409.70 CAD
Cap Rate
7%
NOI
$290,377 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.83 AC
Opportunity Zone
Yes
Zoning
C2
Frontage
Amenities
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 060300-079-015-0004-065-000 | Improvements Assessment | $784,325 CAD |
| Land Assessment | $56,855 CAD | Total Assessment | $841,180 CAD |
Property Taxes
Parcel Number
060300-079-015-0004-065-000
Land Assessment
$56,855 CAD
Improvements Assessment
$784,325 CAD
Total Assessment
$841,180 CAD
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