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Goodyear Tire & Rubber Company 54 Ransier Dr 10,640 SF Industrial Building West Seneca, NY 14224 $1,305,234 CAD ($122.67 CAD/SF) 7.08% Cap Rate
Investment Highlights
- Absolute Net Lease with Zero Landlord Responsibilities; Hands-Free Small 1031 Trade Property
- Buffalo MSA Location just off the Aurora Expressway; Multiple Modes of Transportation
- Excellent Connectivity & Demographics – More Than 185K People Within a 5-Mile
- Industry Leading, Publicly Traded Operator with Significant Scale (NASDAQ: GT)
- 11-Year Operating History, Recent Lease Extension; Low Rent
Executive Summary
Northmarq is pleased to present a rare opportunity to acquire a Goodyear Auto Service Center located in West Seneca, New York (the “Property”). The Property is subject to an absolute net lease with no landlord responsibilities whatsoever. The lease features biennial 2.00% rent increases during the primary term and the option periods, providing stable and predictable income growth throughout the investment horizon. Goodyear is responsible for all taxes, insurance, and maintenance, including roof and structure, ensuring a highly passive ownership profile.
Property Facts
Somewhat walkable
30/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 146800-135-090-0001-005-000 | Improvements Assessment | $180,661 CAD |
| Land Assessment | $44,475 CAD | Total Assessment | $225,136 CAD |
Property Taxes
Parcel Number
146800-135-090-0001-005-000
Land Assessment
$44,475 CAD
Improvements Assessment
$180,661 CAD
Total Assessment
$225,136 CAD
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Goodyear Tire & Rubber Company | 54 Ransier Dr
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