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3028 W State St, Olean, NY, 14760

Take 5
$2,071,428

Key Information

Cap Rate
7%
Tot. SF
1,735
Year Built
2025
Term Remaining
±14.4 YRS
Type
Retail

Highlights

  • Brand new 2025 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 positioned along West State St which sees approximately 17,000 vehicles daily
  • Located less than a mile from St Bonaventure university with an enrollment of 3,053 students
  • 5-Mile population of ±21,653 residents & 10-Mile population of 32,615 residents (population numbers do not include student housing)
  • Local national retailers include Walmart, Home Depot, Aldi, BJ’s Wholesale Club, Marshalls, Verizon, Tractor Supply, McDonald’s and many more

Photos

Location

Agents

Broker of Record

Cory Rosenthal

License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017