UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 8,050 sqft
Price per Sqft $111
MLS Listing ID R1667261
Construction Status Existing
HOA Y/N No
Year Built 2003
Annual Tax Amount $18,634
Lot Size 1.200 Acres
Acres 1.2
Lot Dimensions 152X400
Property Description
Opportunity to acquire a two-property net lease retail portfolio leased to Dollar General, one of the nation's largest and most recognized discount retailers. The offering includes two well-maintained locations in Western and Upstate New York:
• Dollar General - Hamlin - 1816 Lake Rd, Hamlin, NY
• Dollar General - Eden - 8229 - N. Main St, Eden, NY
Both properties are subject to NN (Double Net) leases, providing stable and predictable income with limited landlord responsibilities. The tenant has recently completed renovations and improvements, demonstrating long-term commitment to the sites.
The portfolio is being offered as a package sale and delivers an attractive 10% capitalization rate at the asking price, making it an appealing opportunity for investors seeking strong cash flow from a nationally recognized tenant.
Ownership reports the tenant has been easy to work with and consistently pays rent on time, making these truly passive investment assets. The only reason for the sale is the Seller's planned retirement.
Location
State NY
County Erie
Area Eden-144000
Zoning Commercial
Interior
Heating Gas, Forced Air
Cooling Central Air
Inclusions Land and Building
Fireplace No
Exterior
Utilities Available Sewer Connected, Water Connected
Roof Type Asphalt,Shingle
Total Parking Spaces 40
Building
Lot Description Irregular Lot
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
Construction Status Existing
Schools
Elementary Schools Eden Elementary
Middle Schools Other - See Remarks
High Schools Eden Junior-Senior High
School District Eden
Others
Tax ID 144000-223-000-0002-018-200
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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KW Upstate New York Properties
Broker | License ID: 10991215115
Broker License ID: 10991215115