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Take 5 Oil Change 1940 Ridge rd 1,738 SF 100% Leased Retail Building Buffalo, NY 14224 $2,852,104 CAD ($1,641.03 CAD/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 Ridge Rd less 1-mile from I-90 which sees roughly 100,000 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 ±181,116 residents & 10-Mile population of 611,809 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
1,738 SF
Year Built
2024
Price
$2,852,104 CAD
Price Per SF
$1,641.03 CAD
Cap Rate
7%
NOI
$199,647 CAD
Percent Leased
100%
Building Height
1 Story
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 146800-143-060-0004-022-000 | Improvements Assessment | $0 CAD |
| Land Assessment | $83,148 CAD | Total Assessment | $83,148 CAD |
PROPERTY TAXES
Parcel Number
146800-143-060-0004-022-000
Land Assessment
$83,148 CAD
Improvements Assessment
$0 CAD
Total Assessment
$83,148 CAD
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Take 5 Oil Change | 1940 Ridge rd
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