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Take 5 Oil Change 1940 Ridge rd 1,738 SF Retail Building Buffalo, NY 14224 $2,057,142 ($1,183.63/SF) 7% Cap Rate
Investment Highlights
- Newer 2024 build-to-suit construction for Take 5
- 10% rent increases every 5 years for the entire term of the lease (base + options)
- Well position along Ridge Rd less 1-mile from I-90 which sees roughly 100,000 vehicles daily
- 15-Year absolute NNN lease with zero landlord responsibilities
- The property qualifies for bonus depreciation (consult with a tax professional for details)
- 5-Mile population of ±181,116 residents & 10-Mile population of 611,809 residents
Executive Summary
Broker of Record
Cory Rosenthal
License # 10991237833 (NY)
Matthews
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Cory Rosenthal
License # 10991237833 (NY)
Matthews
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,738 SF
Building Class
C
Year Built
2024
Price
$2,057,142
Price Per SF
$1,183.63
Cap Rate
7%
NOI
$144,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
4.47 AC
Zoning
F1 - Commercial
Nearby Major Retailers
Property Taxes
| Parcel Number | 146800-143-060-0004-022-000 | Improvements Assessment | $0 |
| Land Assessment | $60,000 | Total Assessment | $60,000 |
Property Taxes
Parcel Number
146800-143-060-0004-022-000
Land Assessment
$60,000
Improvements Assessment
$0
Total Assessment
$60,000
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Take 5 Oil Change | 1940 Ridge rd
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