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1816 Lake Rd 8,125 SF Retail Building Hamlin, NY 14464 $696,564 CAD ($85.73 CAD/SF) 8.06% Cap Rate

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EXECUTIVE SUMMARY

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 NN 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.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,125 SF
Building Class
B
Year Built
2003
Price
$696,564 CAD
Price Per SF
$85.73 CAD
Cap Rate
8.06%
NOI
$56,116 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
2.03 AC
Zoning
CGB
Parking
30 Spaces (2.36 Spaces per 1,000 SF Leased)
Frontage
70’ on Lake Rd

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
263000-029-010-0003-001-100
Land Assessment
$149,103 CAD
Improvements Assessment
$554,254 CAD
Total Assessment
$703,358 CAD
  • Listing ID: 34567864

  • Date on Market: 2025-01-22

  • Last Updated:

  • Address: 1816 Lake Rd, Hamlin, NY 14464

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