SQUARE FEET8,125
MLS#R1667256
STATUSActive
PROPERTY TYPECommercial - Business
SUBDIVISIONHamlin Commons Resub
SCHOOLBrockport
Property Description
Dollar General NN Investment Portfolio - 10% Cap Rate 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.
Property Features
Property Type: Commercial - Business
Cooling: Central Air
Heating: Gas, Forced Air
Lot Size: 2.03 Acres
Roof Type: Flat
Stories: 1.0
Taxes: $16,526
Year Built: 2003
Feature Descriptions
Days on Site: 14
Lot: Rectangular, Rectangular Lot
Lot Dimensions: 166X530
Parcel#: 263000-029-010-0003-001-100
Sewer: Public Sewer
Utilities: Sewer Connected, Water Connected
Water: Public
Local Schools
High School: Brockport High
Middle School: A D Oliver Middle
Elementary School: Ginther Elementary
School District: Brockport
Listed By / Shown By
Listing By
Agency Name: ERA Team VP Real Estate
Agency Contact: 716-640-0104
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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1816 Lake Road | MLS# R1667256
This commercial property located at 1816 Lake Road, Hamlin, NY 14464 is currently listed for sale with an asking price of $900,000. Lake Road is located within the Brockport school district. Search Hamlin real estate on www.coldwellbankerchoice.com today.