5 North Transit Street Lockport, NY 14094

This offering presents a unique investment opportunity to acquire a well-established Walgreens property situated at 5 North Transit Street, Lockport, NY 14094. The 13,905 square foot building sits on a 2.01-acre lot and is currently operating under a double net lease. The tenant, Walgreens (NASDAQ: WBA), has already exercised their first option, leaving seven remaining 5-year options, demonstrating a strong commitment to the location. This signifies a stable, long-term income stream for the investor. The property enjoys a highly visible hard corner location with excellent ingress and egress, benefiting from exposure to over 13,000 vehicles per day along S Transit Street. Its proximity to downtown Lockport (less than one mile) and neighboring businesses further enhances its desirability. Lockport, the county seat of Niagara County, NY, boasts a population of approximately 20,305 (2019 estimate) and is part of the Buffalo-Niagara Falls metropolitan area. This investment is classified as an Investment NNN property, minimizing landlord responsibilities and offering a low-maintenance investment opportunity. The property's strong tenant, prime location, and long-term lease make it an attractive addition to any investment portfolio. The sale price is $3,587,500.