Auto Service Center with NNN
54 Ransier Dr Buffalo, NY 14224
For Sale
Contact for pricing
Goodyear Auto Service Center offered under an absolute net lease with zero landlord responsibilities.
Property Size10,640 SF
Price / SF$88.82
Days on Market59
Property Features for 54 Ransier Dr
General Information
- Standard status
- Active
- Size
- 10,640 SF
- Property subtype
- INDUSTRIAL
Listing Agency:
Northmarq | New York
(646) 841-0627
Listed By:
Blaise Bennett · License #471019332
(314) 301-1811
Source:
Moodyscre
Added: May 26
Changed: Jul 23
Last Checked: Jul 23 at 5:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Northmarq | New York
Investment Insights
Based on property information with market context.
Northmarq presents a Goodyear Auto Service Center in West Seneca, New York. The property is offered under an absolute net lease with no landlord responsibilities whatsoever, including roof and structure. The tenant is responsible for all taxes, insurance, and maintenance.
The lease includes biennial 2.00% rent increases during the primary term and option periods. Goodyear operates as a publicly traded, large-scale automotive service provider under NASDAQ: GT, supporting a hands-off ownership profile.
The center has an 11-year operating history and the lease has been extended. Located just off the Aurora Expressway, the property benefits from multiple transportation modes. The surrounding area includes more than 185,000 people within a 5-mile radius. Address: 54 Ransier Dr, Buffalo, NY 14224.
The lease includes biennial 2.00% rent increases during the primary term and option periods. Goodyear operates as a publicly traded, large-scale automotive service provider under NASDAQ: GT, supporting a hands-off ownership profile.
The center has an 11-year operating history and the lease has been extended. Located just off the Aurora Expressway, the property benefits from multiple transportation modes. The surrounding area includes more than 185,000 people within a 5-mile radius. Address: 54 Ransier Dr, Buffalo, NY 14224.
Key Highlights
- Goodyear auto service center in West Seneca, New York under an absolute net lease with no landlord responsibilities.
- Tenant pays all taxes, insurance, and maintenance, including roof and structure.
- Lease includes biennial 2.00% rent increases during the primary term and option periods.
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.5k | $10.20 |
| − Vacancy | −$2.1k | −$0.19 |
| EGI | $106.5k | $10.01 |
| − OpEx | −$31.9k | −$3.00 |
| NOI | $74.5k | $7.00 |
10,640 SF · lease $10.20/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.48M
$1.30M – $1.73M
NOI $103,640 @ 7.0% cap · market cap 10.97%
Second Best
Industrial
$1.06M
$931.6K – $1.24M
NOI $74,526 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$2.56M
$2.24M – $2.99M
NOI $179,110 @ 7.0% cap · market cap 18.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Goodyear Commercial Tire ...
(Bike/Boat/Book/etc) Store
Similar Off Market Nearby
- Fleet Maintenance Inc- Freightliner & Western Star of Buffalo — 67 Ransier Dr, Buffalo, NY 14224
- $100 off transmission repair — 1701 union rd, west seneca, ny 14224
- TNT Express Lube — 795 Center Rd, West Seneca, NY 14224
- 5 Star towing & recovery WEST SENECA — 1711 union rd, west seneca, ny 14224
- Liberty Fleet Services — 1711 union rd, west seneca, ny 14224
FAQs
What type of property is this?
Auto shop - Goodyear Auto Service Center offered under an absolute net lease with zero landlord responsibilities.
Where is this auto shop located?
The property is located at 54 Ransier Dr Buffalo, NY.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: Goodyear auto service center in West Seneca, New York under an absolute net lease with no landlord responsibilities.; Tenant pays all taxes, insurance, and maintenance, including roof and structure.; Lease includes biennial 2.00% rent increases during the primary term and option periods.
