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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

5 North Transit Street Lockport, NY 14094

Property ID
Property summary
AI-generated overview

The Kase Group is pleased to present the opportunity to purchase a well established Walgreens in Lockport, New York. The property is subject to a double net lease and has already exercised their first option with seven, 5-year options left. This Walgreens benefits from its hard corner location with excellent ingress and egress points with exposure to over 13,000 vehicles per day along S Transit Street. The site is less than 1 mile from Downtown Lockport and neighbors various businesses in the area. In Association with Scott Reid & ParaSell, Inc. | P: 949.942.6578 | A Licensed New York Broker #10991231395 Location Description Lockport is both a city and the town that surrounds it in Niagara County, New York, United States. The city is the Niagara county seat, with a population of 21,165 according to 2010 census figures, and an estimated population of 20,305 as of 2019. Its name derives from a set of Erie Canal locks (Lock Numbers 34 and 35) within the city that were built to allow canal barges to traverse the 60-foot natural drop (18 m) of the Niagara Escarpment. It is part of the Buffalo–Niagara Falls metropolitan area.

Property profile
Verified
Property type Retail properties & Spaces
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • FedEx OnSite Postal Service Courier Service
  • Walgreens Photo (Bike/Boat/Book/etc) Store
  • Walgreens Pharmacy Pharmacy
  • LibertyX Bitcoin ATM Atm
  • Redbox Cinema (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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