Your email has been sent.
Take 5 Oil Change 4876 NY-30 1,475 SF Retail Building Amsterdam, NY 12010 $2,400,000 ($1,627.12/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Newer 2023 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 $82,614 annually (5-mile radius)
EXECUTIVE SUMMARY
Cory Rosenthal
License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
AMENITIES
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Services
- -
- -
- -
Whether it’s an oil change followed by a car wash, a car wash before an oil change…or both at completely different times, Take 5 gets the job done quickly so you can be on your way. Take 5 was founded as Rapid Oil Change. It offered quick oil changes, minor repairs and other maintenance services. Since then, it has seen expansion, faced disaster and become part of the community. What started in Louisiana, just outside New Orleans, spread to several states and across the southeastern United States from Virginia to Texas and several locations, with more shops opening in the coming months. Among the newest locations is the first Take 5 in Florida. To date, the company has opted to limit franchising the brand but it continues to consider future options to do so.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Services | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 272089-024-020-0001-015-000-0000 | Improvements Assessment | $47,000 |
| Land Assessment | $15,000 | Total Assessment | $62,000 |
PROPERTY TAXES
Presented by
Take 5 Oil Change | 4876 NY-30
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.