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4876 NY-30, Amsterdam, NY, 12010

Take 5 Oil Change
$2,400,000

Key Information

Cap Rate
6.5%
Year Built
2023
Term Remaining
±13.5 YRS
Type
Retail
Leasable Area
1,475

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)
  • Full-term franchise guarantee 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 # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203