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Take 5 Oil Change 1045 Ridge Rd 1,723 SF 100% Leased Retail Building Webster, NY 14580 $2,497,015 ($1,449.23/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand new 2024 build-to-suit construction
- 10% rent increases every 5 years for the entire term of the lease (base + options)
- Full-term franchise guarantee from an experienced Take 5 Oil Change operator (±60 T5 locations & 245 locations across all franchise brands)
- 15-year absolute NNN lease with zero landlord responsibilities for maintenance, taxes, insurance, or capital expenditures
- The property qualifies for bonus depreciation (consult with a tax professional for details)
- Affluent demographics with an average household income of $136,783 annually (5-mile radius)
EXECUTIVE SUMMARY
Broker of Record
Cory Rosenthal
License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Cory Rosenthal
License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,723 SF
Building Class
B
Year Built
2024
Price
$2,497,015
Price Per SF
$1,449.23
Cap Rate
6.50%
NOI
$162,306
Percent Leased
100%
Building Height
1 Story
Building FAR
0.03
Lot Size
1.25 AC
Frontage
143’ on New York 404
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 265489 079.15-1-8.009 | Improvements Assessment | $0 |
| Land Assessment | $386,400 | Total Assessment | $386,400 |
PROPERTY TAXES
Parcel Number
265489 079.15-1-8.009
Land Assessment
$386,400
Improvements Assessment
$0
Total Assessment
$386,400
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Take 5 Oil Change | 1045 Ridge Rd
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