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4876 NY-30, Amsterdam, NY, 12010

Take 5 Oil Change

$2,151,724

Key Information

Cap Rate
7.25%
Tot. SF
1,475
Lot Size
1 Acres
Year Built
2023
Type
Retail
NOI
$156,000

Highlights

• Newer 2023 build-to-suit construction
• 15-year absolute NNN lease with zero landlord responsibilities for maintenance, taxes, insurance, or capital expenditures
• 10% rent increases every 5 years for the entire term of the lease (base + options)
• The property qualifies for bonus depreciation (consult with a tax professional for details)
• Corporate guaranty from an experienced Take 5 Oil Change operator (±60 T5 locations & 245 locations across all franchise brands)
• Affluent demographics with an average household income of $82,614 annually (5-mile radius)
• Located along the retail drag with traffic counts in excess of ±33,664 vehicles daily
• Local national retail traffic drivers such as Target, Walmart, Home Depot, Kohl’s, Tractor Supply, Lowe’s Home Improvement, ALDI, Marshalls and many more
• Amsterdam is located within the Albany MSA and is 35 miles from the State Capitol

Photos

Location

Agents

Broker of Record

Cory Rosenthal

License # 10311210106, 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017