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Take 5 955 Fairmount ave 1,735 SF Retail Building Jamestown, NY 14701 $2,282,142 ($1,315.36/SF) 7% Cap Rate
Investment Highlights
- Newer 2024 build-to-suit construction for Take 5 | 15-Year absolute NNN lease with zero landlord responsibilities
- The property qualifies for bonus depreciation (consult with a tax professional for details)
- Well position along Fairmont which sees approximately 21,000 vehicles daily
- 10% rent increases every 5 years for the entire term of the lease (base + options)
- Corporate guaranty from an experienced Take 5 Oil Change operator (±60 T5 locations & 245 locations across all franchise brands)
- Affluent Buffalo suburb with an average household income $101,084 annually
Executive Summary
Broker of Record
Cory Rosenthal
License # 10991237833 (NY)
Matthews
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Cory Rosenthal
License # 10991237833 (NY)
Matthews
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,735 SF
Building Class
C
Year Built
2024
Price
$2,282,142
Price Per SF
$1,315.36
Cap Rate
7%
NOI
$159,750
Tenancy
Single
Building Height
1 Story
Zoning
Commercial - Commercial
Amenities
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 063889-386-010-0001-004-000 | Improvements Assessment | $1,078,300 |
| Land Assessment | $121,700 | Total Assessment | $1,200,000 |
Property Taxes
Parcel Number
063889-386-010-0001-004-000
Land Assessment
$121,700
Improvements Assessment
$1,078,300
Total Assessment
$1,200,000
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Take 5 | 955 Fairmount ave
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