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

High-traffic location at a key commercial intersection
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 - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $120,352 $2.67

PROPERTY FACTS Under Contract

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
35,660 SF
Building Class
C
Year Built/Renovated
1968/1997
Price
$1,300,000
Price Per SF
$36.46
Cap Rate
9.26%
NOI
$120,352
Percent Leased
21%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
3.31 AC
Parking
70 Spaces (1.96 Spaces per 1,000 SF Leased)
Frontage
307’ on Lockport-Olcott Rd

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
  • -
  • -
  • -
  • -
  • -
  • Accommodation and Food Services
  • -
  • -
  • -
  • -

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
  • -
  • Accommodation and Food Services
  • -
  • -
  • -
  • -

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 - - - - -
Accommodation and Food Services - - - -
Tattered Tulip Retailer - $8.00 Triple Net Jun 2023
Tattered Tulip Event Center Services - - Modified Gross -
Accommodation and Food Services - - - -

PROPERTY TAXES

  • Listing ID: 34936672

  • Date on Market: 2/25/2025

  • Last Updated:

  • Address: 3976-3984 Lockport Olcott Rd, Lockport, NY 14094