1816 Lake Rd N, Hamlin, NY 14464

Building Details

Year Built

2003

Listing office ERA Team VP Real Estate m*@mlmas.com Show Phone

Listing date May 15, 2024

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This offering features a two-property net lease retail portfolio leased to Dollar General, a nationally recognized discount retailer. The portfolio includes locations in Hamlin and Eden, New York. Specifically, the properties are located at 1816 Lake Rd, Hamlin, NY and 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 a 10% capitalization rate. The property at 1816 Lake Rd N, Hamlin, NY 14464 has a size of 8125 square feet. The seller is planning retirement.

Suggested Use

Dental Office Hair Salon Gym & Fitness Center Nail Salon Big Box & Wholesale Store Restaurant Building Supply Accounting Firm Hotel & Motel Auto Parts Store

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

• Bj's. Webster ny — 72 Huntington Pkwy, Hamlin, NY 14464

Location Insight

• Map
• Local Demand

City

Hamlin

County

Monroe

State

New York

Longitude

-77.9197186

Latitude

43.2915732

FAQs

What type of property is this?

Grocery and convenience store - Two Dollar General properties in New York with 10% cap.

Where is this grocery and convenience store located?

The property is located at 1816 Lake Rd N Hamlin, NY.

What is the asking price?

The asking price for this property is $900,000.

What are key features of this property?

This property features: 10% capitalization rate: attractive return on investment for strong cash flow.; NN (double net) leases: stable, predictable income.; Two‑property portfolio: includes locations in Hamlin and Eden, New York.