1816 Lake Road, Hamlin, NY 14464

$900,000
8,125
SqFt

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List Price
$900,000
Status
ACTIVE
MLS#
R1667256
Year Built
2003
Stories
1
Acres
2.03
Living Area
8,125
Subdivision
Hamlin Commons Resub
Region
Hamlin
Neighborhood
Hamlin Commons Resub

Property Description

Dollar General NN Investment Portfolio – 10% Cap Rate Opportunity to acquire a two-property net lease retail portfolio leased to Dollar General, one of the nation’s largest and most recognized discount retailers. The offering includes two well-maintained locations in Western and Upstate New York: • Dollar General - Hamlin - 1816 Lake Rd, Hamlin, NY • Dollar General - Eden - 8229 N. Main St, Eden, NY Both properties are subject to NN (Double Net) leases, providing stable and predictable income with limited landlord responsibilities. The tenant has recently completed renovations and improvements, demonstrating long-term commitment to the sites. The portfolio is being offered as a package sale and delivers an attractive 10% capitalization rate at the asking price, making it an appealing opportunity for investors seeking strong cash flow from a nationally recognized tenant. Ownership reports the tenant has been easy to work with and consistently pays rent on time, making these truly passive investment assets. The only reason for the sale is the Seller’s planned retirement.

Additional Information

Taxes
$16,526
School District
Brockport
Elementary School
Ginther Elementary
Middle School
A D Oliver Middle
High School
Brockport High
Water
Public
Sewer
Public Sewer

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Listing courtesy of ERA Team VP Real Estate. Contact: 716-640-0104