Single-Tenant CVS
175 E 4th St Dunkirk, NY 14048
For Sale
Contact for pricing
CVS operates under a long-term lease with periodic 5% increases and a lease guaranty from CVS Health.
Property Size10,125 SF
Price / SF$297.43
Days on Market99
Property Features for 175 E 4th St
General Information
- Standard status
- Active
- Size
- 10,125 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2000
Listing Agency:
Matthews
Listed By:
Christian Becker · License #794055
Source:
Crexi
Added: Apr 16
Changed: Jul 23
Last Checked: Jul 23 at 8:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews
Investment Insights
Based on property information with market context.
Located at 175 E 4th St in Dunkirk, this single-tenant CVS pharmacy property is operated by CVS, which has been at the location since 2000. In 2014, the tenant executed a 25-year lease extension, supporting the long-standing commitment to the site.
The lease includes 5% rental increases every five years throughout the option periods. The property’s pharmacy service area includes more than 25,000 residents within a five-mile radius, with only limited competition cited from Walmart and Tops in Fredonia. The adjacent Walgreens closed in 2022, further strengthening CVS’s position as a full-service pharmacy provider for the region.
CVS is positioned as an integrated healthcare location, with proximity to Brooks Memorial Hospital, The Chautauqua Center, and Dunkirk Pediatrics. The property is also approximately two miles north of SUNY Fredonia, and the lease is guaranteed by CVS Health Corporation, an S&P-rated BBB company.
The lease includes 5% rental increases every five years throughout the option periods. The property’s pharmacy service area includes more than 25,000 residents within a five-mile radius, with only limited competition cited from Walmart and Tops in Fredonia. The adjacent Walgreens closed in 2022, further strengthening CVS’s position as a full-service pharmacy provider for the region.
CVS is positioned as an integrated healthcare location, with proximity to Brooks Memorial Hospital, The Chautauqua Center, and Dunkirk Pediatrics. The property is also approximately two miles north of SUNY Fredonia, and the lease is guaranteed by CVS Health Corporation, an S&P-rated BBB company.
Key Highlights
- CVS has operated at the site since 2000, including a 25‑year lease extension executed in 2014
- Lease includes 5% rental increases every five years throughout option periods
- Lease is guaranteed by CVS Health Corporation, a Fortune 500 company with S&P credit rating of BBB
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $182.3k | $18.00 |
| − Vacancy | −$4.7k | −$0.47 |
| EGI | $177.5k | $17.53 |
| − OpEx | −$44.4k | −$4.38 |
| NOI | $133.1k | $13.15 |
10,125 SF · lease $18.00/SF/yr · vacancy 2.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.90M
$1.66M – $2.22M
NOI $133,134 @ 7.0% cap · market cap 4.42%
Second Best
Retail
$1.78M
$1.55M – $2.07M
NOI $124,258 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$3.03M
$2.65M – $3.54M
NOI $212,139 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
CVS Pharmacy
Pharmacy
Dolce Joseph A
Pharmacy
CVS
Pharmacy
CVS Photo
(Bike/Boat/Book/etc) Store
Buy Bitcoin
Crypto Atm
Similar Off Market Nearby
- CVS Pharmacy — 175 E 4th St, Dunkirk, NY 14048
- Oliva Marion W — 17 W Lucas Ave, Dunkirk, NY 14048
- Dolce Joseph A — 175 E 4th St, Dunkirk, NY 14048
- John G. Reed, RPh — 327 Main St, Dunkirk, NY 14048
- Kerry Jo Mitchener, RPH — 17 W Lucas Ave, Dunkirk, NY 14048
FAQs
What type of property is this?
Drug store - CVS operates under a long-term lease with periodic 5% increases and a lease guaranty from CVS Health.
Where is this drug store located?
The property is located at 175 E 4th St Dunkirk, NY.
What is the asking price?
The asking price for this property is $3,011,429.
What are key features of this property?
This property features: CVS has operated at the site since 2000, including a 25‑year lease extension executed in 2014; Lease includes 5% rental increases every five years throughout option periods; Lease is guaranteed by CVS Health Corporation, a Fortune 500 company with S&P credit rating of BBB
