5658 S Transit Rd | Lockport, NY 14094
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5658 S Transit Rd
Lockport, NY 14094
Pep Boys · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Location: Well-positioned property situated on hard signalized corner exposed to over ±29,000 VPD
- Value Add Component: Opportunity for an investor to increase value by extending lease, repositioning asset, or plugging in automotive use tenant.
- Retail Synergy: Site located amongst several national brand retailers including multiple automotive related businesses
- NNN Lease: Landlord responsibilities limited to roof & structure (full replacement)
- Annual Rent Escalation: Lease includes 2.00% annual rental increases, with the next bump occurring 2/1/2024
- Corporate Guarantee: Investment is guaranteed by Pep Boys, who operate over 1,000+ locations across 35 states
PROPERTY FACTS
Property Type
Retail
Property Subtype
Auto Repair
Building Size
4,025 SF
Building Class
C
Year Built
1979
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.34 AC
Parking
20 Spaces (4.97 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 292600-123-013-0001-004-000 | Improvements Assessment | $260,000 |
| Land Assessment | $225,000 | Total Assessment | $485,000 |
PROPERTY TAXES
Parcel Number
292600-123-013-0001-004-000
Land Assessment
$225,000
Improvements Assessment
$260,000
Total Assessment
$485,000
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