Take 5 Oil Change NNN Property For Sale — Lockport, NY
5687 S Transit Rd, Lockport, NY 14094
This investment opportunity features a newly constructed Take 5 Oil Change with a 15-year absolute NNN lease, offering zero landlord responsibilities. The lease includes attractive 10% rent increases every five years throughout the base term and option periods. The property benefits from a full-term corporate franchise guaranty from Purple Square Management Company, a well-established operator with a diverse portfolio of over 245 franchise locations. Strategically located on South Transit Road, the property enjoys high visibility with nearly 30,000 vehicles passing daily and is situated within Lockport’s dominant retail corridor, surrounded by major national retailers. The affluent Buffalo suburb boasts a strong demographic profile with a 5-mile population of approximately 46,935 resident…
- Address: 5687 S Transit Rd, Lockport, NY 14094
- Asking price $2.22M
- 7.00% cap rate
- NOI $155,488
- 14 years remaining
- NNN lease
- Year built: 2024
- Building size: 1,739 SF
- Lease expiration: Dec 31, 2039
- Rent increases: Years 1-5: $155,488.00; Years 6-10: $171,036.80 (10% increase); Years 11-15: $188,140.48 (10% increase); Option 1: $206,954.53 (10% increase); …
- Guarantor: Corporate
Location
This Take 5 Oil Change property is at 5687 S Transit Rd in Lockport, New York.
Asset type: Retail