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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


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
| Parcel Number | 263000-029-010-0003-001-100 | Improvements Assessment | $554,254 CAD |
| Land Assessment | $149,103 CAD | Total Assessment | $703,358 CAD |
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
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1816 Lake Rd
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