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1816 Lake Rd 8,125 SF Retail Building Hamlin, NY 14464 $450,000 ($55.38/SF) 5% Cap Rate
Investment Highlights
- Individual investment sale of a Dollar General located in Hamlin, NY.
- Double Net (NN) lease structure with limited landlord responsibilities.
- Leased to Dollar General, one of the nation’s largest and most recognized discount retailers.
- Offered at $450,000 with a 5% capitalization rate.
- Recent tenant renovations demonstrate long-term operational commitment.
Executive Summary
This is an individual investment sale for the Dollar General located at 1816 Lake Rd in Hamlin, NY. The asset is offered at a new sale price of $450,000 and is structured as a Double Net (NN) investment, providing investors with stable, predictable income and minimal landlord responsibilities. This property delivers a 5% capitalization rate, offering a dependable return from a nationally recognized discount retailer.
Dollar General recently completed renovations and improvements at this location, signaling a strong ongoing commitment to the site. The tenant has demonstrated exceptional performance and reliability, consistently paying rent on time and maintaining operations without interruption. Ownership also reports that the tenant relationship has been smooth and cooperative.
The sale represents an appealing opportunity for investors seeking long-term passive income from a well-established national brand with a proven track record in secondary and rural markets.
Dollar General recently completed renovations and improvements at this location, signaling a strong ongoing commitment to the site. The tenant has demonstrated exceptional performance and reliability, consistently paying rent on time and maintaining operations without interruption. Ownership also reports that the tenant relationship has been smooth and cooperative.
The sale represents an appealing opportunity for investors seeking long-term passive income from a well-established national brand with a proven track record in secondary and rural markets.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,125 SF
Building Class
B
Year Built
2003
Price
$450,000
Price Per SF
$55.38
Cap Rate
5%
NOI
$22,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
2.03 AC
Zoning
CGB - Commercial/General Business
Parking
30 Spaces (2.36 Spaces per 1,000 SF Leased)
Frontage
70’ on Lake Rd
Amenities
- Freeway Visibility
- Signage
- Wheelchair Accessible
- Storage Space
- Air Conditioning
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 263000-029-010-0003-001-100 | Improvements Assessment | $394,400 |
| Land Assessment | $106,100 | Total Assessment | $500,500 |
Property Taxes
Parcel Number
263000-029-010-0003-001-100
Land Assessment
$106,100
Improvements Assessment
$394,400
Total Assessment
$500,500
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1816 Lake Rd
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