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995 Fairmount Ave, Jamestown, NY, 14701

Take 5 Oil Change

$2,203,448

Key Information

Cap Rate
7.25%
Tot. SF
1,735
Year Built
2024
Term Remaining
± 13.60 Years
Type
Retail
NOI
$159,750

Highlights

• Newer 2024 build-to-suit construction for Take 5
• 15-Year absolute NNN lease with zero landlord responsibilities
• 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)
• Well position along Fairmont which sees approximately 21,000 vehicles daily
• Affluent Buffalo suburb with an average household income $101,084 annually
• Local national retailers include Wegmans, Target, Home Depot, Rite-Aid, Walmart, Starbucks, Verizon and many more
• Jamestown is located at the southern end of Chautauqua Lake, a popular summer destination drawing in tourist from all over New York and surrounding states

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