1816 Lake Road, Hamlin, NY 14464

$449,000
8,125
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$449,000
Status
ACTIVE
MLS#
R1667256
Price Change
▼ $451,000 1787693417
Year Built
2003
Stories
1
Acres
2.03
Living Area
8,125
Subdivision
Hamlin Commons Resub
Region
Hamlin
Neighborhood
Hamlin Commons Resub

Property Description

Dollar General NN Investment Opportunity – Hamlin, NY 1816 Lake Rd in Hamlin, NY offers the opportunity to acquire a stand-alone, single-tenant Dollar General investment occupied by one of the country's most recognized discount retailers at an 8 CAP. The property is leased to Dollar General under an NN lease structure, providing investors with predictable rental income and limited landlord responsibilities. The store has undergone renovations within the last several years, and the parking lot has also been refurbished and striped, helping position the property for continued use by the current tenant. The lease includes additional renewal options, providing the potential for continued long-term occupancy. Rent payments have historically been consistent, making this an attractive opportunity for investors seeking a straightforward income-producing commercial property with a nationally recognized tenant. This property may be particularly attractive to private investors, 1031 exchange buyers, or those looking to add a relatively passive single-tenant retail asset to an existing portfolio. 1816 Lake Rd, Hamlin, NY 14464 The seller also owns the Dollar General property at 8229 N. Main St, Eden, NY, which is being offered separately. The seller may be more negotiable on pricing and terms for a buyer interested in purchasing both properties as a package.

Additional Information

Taxes
$16,526
School District
Brockport
Elementary School
Ginther Elementary
Middle School
A D Oliver Middle
High School
Brockport High
Water
Public
Sewer
Public Sewer

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of ERA Team VP Real Estate. Contact: 716-640-0104