Matthews Logo

Navigation Menu

1940 Ridge Rd, Buffalo, NY, 14224

Take 5 Oil Change
$2,057,142

Key Information

Cap Rate
7%
Year Built
2024
Term Remaining
±14.2 Yrs
Type
Retail
NOI
$144,000
Leasable Area
1,738

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)
  • Full-term franchise guarantee from an experienced Take 5 Oil Change operator (±60
  • T5 locations & 245 locations across all franchise brands)
  • Well position along Ridge Rd less 1-mile from I-90 which sees roughly 100,000 vehicles daily
  • 5-Mile population of ±181,116 residents & 10-Mile population of 611,809 residents
  • Affluent Buffalo suburb with an average household income $89,800 annually
  • West Seneca is located within the Buffalo-Niagara Falls MSA (population of 1.2M residents)

Photos

Location

Agents

Broker of Record

Cory Rosenthal

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