For Sale
$3,638,000

860 Center St Lewiston, NY 14092

High-yield, NNN-leased storefront

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional investment opportunity presents a brand-new, 4,250 square foot WellNow Urgent Care facility in Lewiston, NY, within the Buffalo MSA. Built in 2023, this fee-simple property boasts a 10-year lease with three 5-year options, featuring 8% rent bumps every five years. The corporate guarantee from ASP UC Support, LLC, a subsidiary of Aspen Dental, ensures strong tenant creditworthiness. With a current NOI of $227,375 and a 6.25% cap rate, this property offers a compelling return on investment. Situated on a 0.92-acre lot with 33 parking spaces, the building is strategically located on Center Street, a high-traffic area (18,600 vehicles per day) in the heart of Lewiston's vibrant "The Village" district. The property benefits from its proximity to Niagara Falls and Lewiston's thriving tourism, culinary, and arts scenes. The B-1 General Business zoning allows for flexibility, and the average household income within a 1-mile radius is $109,244. This rare upgraded prototype building offers limited landlord responsibilities and exceptional long-term potential. The property is currently 100% occupied and operating successfully. The asking price is $3,638,000, representing a price per square foot of $856. This is a turnkey investment opportunity with significant upside potential.

Property Details for 860 Center St

Property type
Retail properties, Retail space
Square Feet
4,250 SF
Year Built
2023
Lot Size (sq. ft)
40,075 SF

Location Insight

City
Lewiston
County
Niagara
State
New York
Latitude
43.173038
Longitude
-79.033002
860 Center St, Lewiston, New York

FAQs

What type of property is this?
Retail property - High-yield, NNN-leased storefront
Where is the retail property located?
The property is located at 860 Center St Lewiston, NY.
What is the asking price?
The asking price for this property is $3,638,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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860 Center St
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