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1471 Mt Hope Ave, Rochester, NY, 14620

Take 5 Oil Change
$2,153,846

Key Information

Cap Rate
6.5%
Year Built
2024
Term Remaining
±14 YRS
Type
Retail
NOI
$140,000
Leasable Area
1,411

Highlights

  • Brand new 2024 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 $90,241 annually (5-mile radius)
  • Located at the hard signalized corner of Mt Hope Ave & Crittenden Blvd (±33,664 vehicles daily)
  • The subject property is located directly adjacent to Strong Memorial Hospital, one of Rochester premier hospitals with approximately 886 beds.
  • The subject property is within close proximity to The University of Rochester, Monroe Community College, and Rochester Institute of Technology (combined enrollment of ±36,600 students)

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