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5720 State Route 19A 9,100 SF Retail Building Castile, NY 14427 $1,275,000 ($140.11/SF) 7.28% Cap Rate
Investment Highlights
- Absolute NNN Lease with No Landlord Responsibilities
- Multiple Ingress/Egress Points Along NY-19
- Captive Small-Market Trade Area with Limited Retail Alternatives
- Located on a Large 2.20 Acre Lot
- Gateway to Letchworth State Park — Nominated Best State Park in the Country by USA Today 2025
- ±6.5 Years Remaining on Original 15-Year Lease | Five 5-Year Options with 10% Rent Bumps
Executive Summary
AMC Real Estate Investment Services presents an absolute NNN Dollar General at 5720 NY-19, Castile, NY — the gateway community to Letchworth State Park, nominated Best State Park in the Country by USA Today 2025. Built in 2017, the 9,100 SF freestanding building sits on a large 2.20 acre lot along NY-19, the primary commercial corridor through Castile, with multiple ingress/egress points and strong frontage. The property serves a captive small-market trade area with limited retail alternatives, supporting consistent daily-needs consumer demand. With ±6.5 years remaining on the original 15-year corporate lease and five 5-year renewal options each carrying 10% rent bumps, this offering delivers long-term, passive income backed by one of America's most credit-worthy investment-grade retailers.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
B
Year Built
2017
Price
$1,275,000
Price Per SF
$140.11
Cap Rate
7.28%
NOI
$92,812
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
2.20 AC
Zoning
Commercial
Parking
31 Spaces (3.41 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Dollar General began in 1939 as J.L. Turner and Son Wholesale Company, a dry-goods business started by J.L. Turner and Cal Turner Sr., and the first Dollar General store opened in the mid-1950s. The company operates a discount retail model through Dollar General, DG Market, DGX, and pOpshelf formats, serving customers with food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, seasonal décor, private brands, and national labels. Dollar General supports online shopping and positions itself around affordable everyday goods and community-focused services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Property Taxes
| Parcel Number | 562601 147.10-1-28.2 | Improvements Assessment | $400,000 |
| Land Assessment | $95,000 | Total Assessment | $495,000 |
Property Taxes
Parcel Number
562601 147.10-1-28.2
Land Assessment
$95,000
Improvements Assessment
$400,000
Total Assessment
$495,000
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