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Take 5 Oil Change 5667 Transit rd 1,739 SF 100% Leased Retail Building Lockport, NY 14094 $2,221,257 ($1,277.32/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 South Transit Rd which sees nearly 30,000 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 ±46,935 residents & 10-Mile population of 159,388 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
Building Size
1,739 SF
Year Built
2024
Price
$2,221,257
Price Per SF
$1,277.32
Cap Rate
7%
NOI
$155,488
Percent Leased
100%
Building Height
1 Story
NEARBY MAJOR RETAILERS
1 of 5
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Take 5 Oil Change | 5667 Transit rd
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