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5720 State Route 19A 9,100 SF Retail Building Castile, NY 14427 $1,738,666 CAD ($191.06 CAD/SF) 7.28% Cap Rate
Investment Highlights
- Absolute NNN Lease with No Landlord Responsibilities
- Multiple Ingress/Egress Points Along NY-19
- Captive Small-Market Trade Area with Limited Retail Alternatives
- Located on a Large 2.20 Acre Lot
- Gateway to Letchworth State Park — Nominated Best State Park in the Country by USA Today 2025
- ±6.5 Years Remaining on Original 15-Year Lease | Five 5-Year Options with 10% Rent Bumps
Executive Summary
AMC Real Estate Investment Services presents an absolute NNN Dollar General at 5720 NY-19, Castile, NY — the gateway community to Letchworth State Park, nominated Best State Park in the Country by USA Today 2025. Built in 2017, the 9,100 SF freestanding building sits on a large 2.20 acre lot along NY-19, the primary commercial corridor through Castile, with multiple ingress/egress points and strong frontage. The property serves a captive small-market trade area with limited retail alternatives, supporting consistent daily-needs consumer demand. With ±6.5 years remaining on the original 15-year corporate lease and five 5-year renewal options each carrying 10% rent bumps, this offering delivers long-term, passive income backed by one of America's most credit-worthy investment-grade retailers.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
B
Year Built
2017
Price
$1,738,666 CAD
Price Per SF
$191.06 CAD
Cap Rate
7.28%
NOI
$126,564 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
2.20 AC
Zoning
Commercial
Parking
31 Spaces (3.41 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Dollar General is a national discount retailer operating multiple neighborhood-scale stores throughout New Port Richey, Florida. The Massachusetts Avenue location serves surrounding residential neighborhoods with a broad assortment of everyday necessities at low price points. The store offers groceries, snacks, health and beauty products, cleaning supplies, basic apparel, paper goods, seasonal items, and private-label merchandise.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Property Taxes
| Parcel Number | 562601 147.10-1-28.2 | Improvements Assessment | $545,464 CAD |
| Land Assessment | $129,548 CAD | Total Assessment | $675,012 CAD |
Property Taxes
Parcel Number
562601 147.10-1-28.2
Land Assessment
$129,548 CAD
Improvements Assessment
$545,464 CAD
Total Assessment
$675,012 CAD
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5720 State Route 19A
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