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Heritage Square 61-81 Walnut St 34,600 SF Retail Building Lockport, NY 14094 $1,695,370 CAD ($49.00 CAD/SF) 11.50% Cap Rate
Executive Summary
Heritage Square Plaza is a prime investment opportunity in a high-traffic corridor. Anchored by a newly renewed lease with Rent-A-Center (NYSE: UPBD), the plaza offers reliable cash flow and national credit tenancy. Its location at a signalized intersection ensures maximum visibility and easy access. With existing vacancy, there’s also a clear value-add opportunity for investors to boost returns through lease-up potential. This property can also be sold with adjacent 53 Walnut St for a larger combined investment opportunity.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
34,600 SF
Building Class
C
Year Built
1974
Price
$1,695,370 CAD
Price Per SF
$49.00 CAD
Cap Rate
11.50%
NOI
$194,968 CAD
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.85
Lot Size
0.94 AC
Opportunity Zone
Yes
Zoning
C
Parking
50 Spaces (1.45 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 290900-109-013-0003-007-000 | Improvements Assessment | $502,433 CAD |
| Land Assessment | $323,485 CAD | Total Assessment | $825,918 CAD |
Property Taxes
Parcel Number
290900-109-013-0003-007-000
Land Assessment
$323,485 CAD
Improvements Assessment
$502,433 CAD
Total Assessment
$825,918 CAD
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Heritage Square | 61-81 Walnut St
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