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CVS Pharmacy 175 E 4th St 10,125 SF Retail Building Dunkirk, NY 14048 $3,243,000 ($320.30/SF) 6.50% Cap Rate

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INVESTMENT HIGHLIGHTS

Tenant has operated at this location since 1998 and demonstrated strong commitment by signing a 25-year lease extension in 2014.
Limited Competition: The nearest CVS is 20 miles away, providing a strong competitive moat and consistent customer capture.

Located just minutes from the university, benefiting from steady student, faculty, and visitor traffic.
Robust Surrounding Retail Corridor: Area retailers include Walmart, Tim Hortons, Arby’s, Denny’s, and other national brands, reinforcing the strength

EXECUTIVE SUMMARY

Introducing 175 East 4th St | Dunkirk, NY 14048, a prime investment opportunity offered at $3,243,000 with a strong 6.5% CAP rate. Anchored by a long-term tenant with a lease until 2039, this property boasts an annual rent of $210,800 and consistent 5% increases. The 10,125 SF building on 0.83 acres is located strategically near SUNY Fredonia, ensuring steady traffic flow from students and faculty. Noteworthy for its limited competition, the property benefits from being the closest retail option for miles, securing a loyal customer base. Surrounded by national brands like Walmart and Denny's, 175 East 4th St is part of a bustling retail corridor, further strengthening its investment appeal. With robust demographics showing a steady population and household base within a 5-mile radius, this property presents a lucrative opportunity for investors seeking a stable income stream and long-term growth potential.

175 EAST 4TH ST, DUNKIRK NY (2) (1)

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Drug Store

Building Size

10,125 SF

Building Class

Year Built

1998

Price

$3,243,000

Price Per SF

$320.30

Cap Rate

6.50%

NOI

$210,800

Tenancy

Single

Building Height

1 Story

Building FAR

0.28

Lot Size

0.83 AC

Opportunity Zone

Yes

Zoning

Frontage

226’ on E 4th Street

Signage

Drive Thru

MAJOR TENANTS

Retailer
-
$20.82
Double Net
Jan 2039

CVS Health is building a world of health around every consumer. Their unmatched reach allows them to deliver high-quality, affordable health care when and how individuals choose. They are on a mission to deliver superior and more connected experiences, lower the cost of care and improve the health and well-being of those they serve. As a leading health solutions company, they offer multiple channels to access health care locally and nationally. Their strong community presence, tech-forward approach and unmatched engagement with millions of people enabling them to deliver high-quality, personalized, affordable health care. Guided by their purpose, CVS Health® is building an entire world of health care around each and every person they serve, no matter where they are on their journey. They listen, show empathy and deliver innovative solutions that serve people’s unique needs and earn their loyalty. Because how they deliver their services is just as important as what they deliver.