1816 Lake RD Hamlin, NY 14464
8,125 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 8,125 sqft
Price per Sqft $110
Subdivision Hamlin Commons Resub
MLS Listing ID R1667256
Construction Status Existing
HOA Y/N No
Year Built 2003
Annual Tax Amount $16,526
Lot Size 2.030 Acres
Acres 2.03
Lot Dimensions 166X530
Property Description
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.
Location
State NY
County Monroe
Community Hamlin Commons Resub
Area Hamlin-263000
Zoning Commercial
Interior
Heating Gas, Forced Air
Cooling Central Air
Inclusions Land and Building
Fireplace No
Exterior
Utilities Available Sewer Connected, Water Connected
Roof Type Flat
Total Parking Spaces 36
Building
Lot Description Rectangular, Rectangular Lot
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Other
Construction Status Existing
Schools
Elementary Schools Ginther Elementary
Middle Schools A D Oliver Middle
High Schools Brockport High
School District Brockport
Others
Tax ID 263000-029-010-0003-001-100
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Nearby Locations
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