Rite Aid | Dunkirk, NY 1166 Central Ave 10,908 SF Retail Building Dunkirk, NY 14048 $836,450 ($76.68/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Depreciable Asset: Leasehold interest (land not for sale) allows ownership to depreciate 100% percent of purchase price (ask your CPA)
- Historical Occupancy: Rite Aid has been here for over 25 years with a proven track record
- Across from State University of New York at Fredonia | Approximately 3,500 students
- Absolute Net Lease Structure: Zero landlord responsibilities
- Situated Along I-90: Conveniently located along Interstate 90, offering connectivity to Buffalo, NY (~ 45 mi. away) and Erie, PA (~ 50 mi. away)
- Dunkirk, NY | Key City: Located in western NY along the shores of Lake Erie and just off I-90 — excellent connectivity to Buffalo, Erie, and Cleveland
EXECUTIVE SUMMARY
Leasehold Offering | Absolute Net Lease | 100% Depreciation
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,908 SF
Building Class
B
Year Built
2000
Price
$836,450
Price Per SF
$76.68
Cap Rate
9%
NOI
$75,280
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.45 AC
Opportunity Zone
Yes
Zoning
C2
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 060300-096-017-0001-019-001 | Improvements Assessment | $3,314,700 |
| Land Assessment | $592,500 | Total Assessment | $3,907,200 |
