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Wrights Corners Plaza 3976-3984 Lockport Olcott Rd

35,660 SF 21% Leased Retail Building Lockport, NY 14094 £1,033,879 (£29/SF) 9.26% Net Initial Yield

EXECUTIVE SUMMARY

High-traffic location at a key commercial intersection
Strong tenant mix featuring national and local businesses:
Tim Hortons, Subway, Fred’s Pizza, Edward Jones, and more
Niagara Art Trail Gallery/Shop, home to Ticklebridge
Multiple access points and ample on-site parking
Excellent frontage along two major state routes
Proven income-generating asset with stable occupancy
Ideal for investors seeking reliable cash flow or an owner-user looking to establish a presence in a prime retail corridor

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income £95,715 £2.13

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual £95,715
Annual Per SF £2.13

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
35,660 SF
Building Class
C
Year Built/Renovated
1968/1997
Price
£1,033,879
Price Per SF
£29
Net Initial Yield
9.26%
NOI
£95,715
Percent Leased
21%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.25
Lot Size
3.31 AC
Parking
70 Spaces (1.96 Spaces per 1,000 SF Leased)
Frontage
307 ft on Lockport-Olcott Rd

AMENITIES

  • Pylon Sign
  • Signalised Intersection
  • Drive Thru

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Crossroads Pizza Wings & More
  • -
  • -
  • -
  • -
  • -
  • Fred's Pizza
  • -
  • -
  • -
  • -
  • -
  • Accommodation and Food Services
  • -
  • -
  • -
  • -

Subway® is simply the better choice for freshly made, convenient, and affordable food. For a reason, they are one of the world’s largest restaurant brands, serving up a crave-able menu with better options to their millions of fans, every day. Whether it’s their bread baked fresh daily, new flavorful signature subs or their classic fan favorites made fresh to order, Subway® delivers a quality, delicious meal that people can feel good about. The Subway® story began in 1965 when Fred DeLuca asked his family friend, Dr. Peter Buck, a nuclear physicist, for advice on how to pay his college tuition. With an idea to open a submarine sandwich shop and an initial investment from Dr. Buck, the two formed a business partnership that would ultimately change the landscape of the quick-service restaurant industry.

  • Tattered Tulip
  • Retailer
  • -
  • £6.36
  • NNN
  • Jun 2023
  • Tattered Tulip Event Center
  • Service type
  • -
  • -
  • Modified Gross
  • -
  • Accommodation and Food Services
  • -
  • -
  • -
  • -

In 1964, the first Tim Hortons® restaurant in Hamilton, Ontario opened its doors and Canadians have been ordering Tim Hortons iconic Original Blend coffee, Double-Double ™ coffees, Donuts and Timbits® ever since. Over the years, Tim Hortons has captured the hearts and taste buds of Canadians. Tim Hortons is now proud to be Canada's largest restaurant chain serving millions of cups of coffee every day with 80% of Canadians visiting a Tims in Canada at least once a month. More than a coffee and bake shop, Tim Hortons is part of the fabric of Canada and a proud symbol of their country and its values.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Crossroads Pizza Wings & More - - - - -
Fred's Pizza - - - - -
Accommodation and Food Services - - - -
Tattered Tulip Retailer - £6.36 NNN Jun 2023
Tattered Tulip Event Center Service type - - Modified Gross -
Accommodation and Food Services - - - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 292800-081-002-0001-025-001
  • 292800-081-002-0001-024-000
  • 292800-081-002-0001-025-002
  • 292800-081-002-0001-025-003
Land Assessment
£119,771 (2023)
Improvements Assessment
£537,856 (2023)
Total Assessment
£657,627 (2023)
  • Listing ID: 34936672

  • Date on Market: 25/02/2025

  • Last Updated:

  • Address: 3976-3984 Lockport Olcott Rd, Lockport, NY 14094

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