Wrights Corners Plaza 3976-3984 Lockport Olcott Rd 35,660 SF 21% Leased Retail Building Lockport, NY 14094 $1,300,000 ($36.46/SF) 9.26% Cap Rate



EXECUTIVE SUMMARY
Strong tenant mix featuring national and local businesses:
Tim Hortons, Subway, Fred’s Pizza, Edward Jones, and more
Niagara Art Trail Gallery/Shop, home to Ticklebridge
Multiple access points and ample on-site parking
Excellent frontage along two major state routes
Proven income-generating asset with stable occupancy
Ideal for investors seeking reliable cash flow or an owner-user looking to establish a presence in a prime retail corridor
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
---|---|---|
Gross Rental Income |
-
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-
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Other Income |
-
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-
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Vacancy Loss |
-
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-
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Effective Gross Income |
-
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-
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Net Operating Income |
$120,352
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$2.67
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PROPERTY FACTS Under Contract
AMENITIES
- Pylon Sign
- Signalized Intersection
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Crossroads Pizza Wings & More
- -
- -
- -
- -
- -
- Fred's Pizza
- -
- -
- -
- -
- -
Subway® is simply the better choice for freshly made, convenient, and affordable food. For a reason, they are one of the world’s largest restaurant brands, serving up a crave-able menu with better options to their millions of fans, every day. Whether it’s their bread baked fresh daily, new flavorful signature subs or their classic fan favorites made fresh to order, Subway® delivers a quality, delicious meal that people can feel good about. The Subway® story began in 1965 when Fred DeLuca asked his family friend, Dr. Peter Buck, a nuclear physicist, for advice on how to pay his college tuition. With an idea to open a submarine sandwich shop and an initial investment from Dr. Buck, the two formed a business partnership that would ultimately change the landscape of the quick-service restaurant industry.
- Tattered Tulip
- Retailer
- -
- $8.00
- Triple Net
- Jun 2023
- Tattered Tulip Event Center
- Services
- -
- -
- Modified Gross
- -
In 1964, the first Tim Hortons® restaurant in Hamilton, Ontario opened its doors and Canadians have been ordering Tim Hortons iconic Original Blend coffee, Double-Double ™ coffees, Donuts and Timbits® ever since. Over the years, Tim Hortons has captured the hearts and taste buds of Canadians. Tim Hortons is now proud to be Canada's largest restaurant chain serving millions of cups of coffee every day with 80% of Canadians visiting a Tims in Canada at least once a month. More than a coffee and bake shop, Tim Hortons is part of the fabric of Canada and a proud symbol of their country and its values.
TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
Crossroads Pizza Wings & More | - | - | - | - | - | |
Fred's Pizza | - | - | - | - | - | |
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Accommodation and Food Services | - | - | - | - | |
Tattered Tulip | Retailer | - | $8.00 | Triple Net | Jun 2023 | |
Tattered Tulip Event Center | Services | - | - | Modified Gross | - | |
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Accommodation and Food Services | - | - | - | - |
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $676,300 (2023) | |
Land Assessment | $150,600 (2023) | Total Assessment | $826,900 (2023) |