175 E 4th St - Drug Store FOR SALE


Dunkirk, NY 14048
$3,123,000 USD
631-626-8324
175 E 4th St, Dunkirk, NY for Sale
$3,123,000 USD
Drug Store - FOR SALE
1/11
null | 6.75% Cap Rate

175 E 4th St
Dunkirk, NY 14048


HIGHLIGHTS

  • Tenant has operated at this location since 1998 and demonstrated strong commitment by signing a 25-year lease extension in 2014.
  • Located just minutes from the university, benefiting from steady student, faculty, and visitor traffic.
  • Limited Competition: The nearest CVS is 20 miles away, providing a strong competitive moat and consistent customer capture.
  • Robust Surrounding Retail Corridor: Area retailers include Walmart, Tim Hortons, Arby’s, Denny’s, and other national brands, reinforcing the strength

OVERVIEW

Introducing 175 East 4th St | Dunkirk, NY 14048, a prime investment opportunity offered at $3,243,000 with a strong 6.5% CAP rate. Anchored by a long-term tenant with a lease until 2039, this property boasts an annual rent of $210,800 and consistent 5% increases. The 10,125 SF building on 0.83 acres is located strategically near SUNY Fredonia, ensuring steady traffic flow from students and faculty. Noteworthy for its limited competition, the property benefits from being the closest retail option for miles, securing a loyal customer base. Surrounded by national brands like Walmart and Denny's, 175 East 4th St is part of a bustling retail corridor, further strengthening its investment appeal. With robust demographics showing a steady population and household base within a 5-mile radius, this property presents a lucrative opportunity for investors seeking a stable income stream and long-term growth potential.

FOR SALE DETAILS

PRICE

$3,123,000 USD

PRICE/SF

$308 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS Pharmacy

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

C2

APN/PARCEL ID

060300-079-015-0004-065-000

ASK ABOUT THIS PROPERTY

Erick VaysmanSilber Investment Properties, LTDMore Info
631-626-8324

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Erick VaysmanSilber Investment Properties, LTDMore Info
631-626-8324

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.