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Take 5 Oil Change 538 Aviation Rd 1,735 SF Retail Building Queensbury, NY 12804 $2,158,620 ($1,244.16/SF) 7.25% Cap Rate
Investment Highlights
- Brand new 2025 build-to-suit construction for Take 5 Oil Change
- 10% rent increases every 5 years for the entire term of the lease (base + options)
- Corporate guarantee from an experienced Take 5 Oil Change operator (±60 Take 5locations & 245 locations across all franchise brands)
- 15-year absolute NNN lease with zero landlord responsibilities
- The property qualifies for bonus depreciation (consult with a tax professional for details)
- Affluent demographics with an average household income of $109,435 annually (5-mileradius)
Executive Summary
Broker of Record
Cory Rosenthal
License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017
(866) 889-0550
Cory Rosenthal
License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,735 SF
Building Class
B
Year Built
1998
Price
$2,158,620
Price Per SF
$1,244.16
Cap Rate
7.25%
NOI
$156,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.65 AC
Zoning
CI
Parking
16 Spaces (9.22 Spaces per 1,000 SF Leased)
Frontage
51’ on Aviation Rd
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 523400 302.5-1-94 | Improvements Assessment | $189,000 |
| Land Assessment | $342,000 | Total Assessment | $531,000 |
Property Taxes
Parcel Number
523400 302.5-1-94
Land Assessment
$342,000
Improvements Assessment
$189,000
Total Assessment
$531,000
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Take 5 Oil Change | 538 Aviation Rd