1941 Elmwood Ave Buffalo, NY 14207

Listing agency Matthews Real Estate Investment Services | Dallas j***@matthews.com Show Phone

Listed by Josh Bishop · License #688810(TX) Show Phone

Source Moodyscre

Added: Feb 5 Updated: Jul 20 at 8:52PM Checked: Jul 21 at 4:42AM

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Investment Insights

Based on property information with market context.

This offering is a brand-new 2025 build-to-suit drive-through auto service property constructed for Take 5. The lease is structured as a 15-year absolute NNN arrangement with zero landlord responsibilities, and it includes 10% rent increases every five years for the full base term and any options. The property is approximately 1,733 square feet.

Located at 1941 Elmwood Ave in Buffalo, the site is positioned along Elmwood Ave at the intersection of Elmwood and Hertel, where the corridor sees nearly 40,000 vehicles daily. The remark package also notes a 5-mile population of about 342,692 residents and a 10-mile population of about 671,255 residents. The lease is supported by a corporate guaranty from a Take 5 operator and an additional guaranty from Purple Square Management Company, LLC. The property is described as qualifying for bonus depreciation (consult a tax professional for details).

Key Highlights

• Brand‑new 2025 build‑to‑suit Take 5 drive‑through with a 15‑year absolute NNN lease.
• Lease features 10% rent increases every 5 years for the entire term (base + options).
• NNN structure with zero landlord responsibilities stated in the offering remarks.

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FAQs

What type of property is this?

NNN property - Brand-new 2025 build-to-suit Take 5 drive-through with a 15-year absolute NNN lease.

Where is this nnn property located?

The property is located at 1941 Elmwood Ave Buffalo, NY.

What is the asking price?

The asking price for this property is $2,478,685.

What are key features of this property?

This property features: Brand‑new 2025 build‑to‑suit Take 5 drive‑through with a 15‑year absolute NNN lease.; Lease features 10% rent increases every 5 years for the entire term (base + options).; NNN structure with zero landlord responsibilities stated in the offering remarks.