Matthews Logo

Navigation Menu

955 Fairmount Ave, Jamestown, NY, 14701

Take 5
$2,282,142

Key Information

Cap Rate
7%
Tot. SF
1,735
Year Built
2024
Term Remaining
±14.25 Yrs
Type
Retail

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
  • Strong Guaranty from Purple Square Management Company, LLC – operates 245 franchise locations across 15 states.
  • Purple Square is an operator of Take 5, Dunkin, Baskin Robbins, The Brass Tap, Popeyes, Rent-A-Center, Small Sliders, American Family Care and more.
  • Take 5 is one of the nation’s leading drive-thru oil change concepts with approximately ±1,500 locations across the United States.
  • Driven Brands operates more than 5,000 units including Take 5 Oil, Meineke Car Care, Maaco, 1-800-Radiator, CARSTAR and more.
  • Driven Brands has roughly 5,000+ locations throughout 14+ countries, and services more than 70+ million vehicles annually.

Photos

Location

Agents

Broker of Record

Cory Rosenthal

License # 10991237833 (NY)
Matthews
1600 West End, Ste. 1500 Nashville, TN 37203