Single-Tenant NNN Auto Service
5687 S Transit Rd Lockport, NY 14094
5687 S Transit Rd, Lockport, NY, 14094
$2,221,257
For Sale
$2,221,257
2024 build-to-suit Take 5 property offered on a 15-year absolute NNN lease with corporate guaranty.
Days on Market24
Property Features for 5687 S Transit Rd
General Information
- Standard status
- Active
- Property subtype
- Commercial
Building Details
- Year Built
- 2024
Listing agency
Matthews Real Estate Investment Services | Dallas
(214) 692-2289
Listed by
Josh Bishop · License #688810 (TX)
(214) 692-2289
Source
Matthews
Added: Jun 28 Updated: Jul 21 at 7:51AM Checked: Jul 21 at 7:51AM
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 Matthews Real Estate Investment Services | Dallas
Investment Insights
Based on property information with market context.
This 2024 build-to-suit single-tenant auto service property is leased to Take 5 on a 15-year absolute NNN basis with zero landlord responsibilities, and includes 10% rent increases every five years for the full lease term (base plus options). The offering also features a corporate guaranty from an experienced Take 5 operator.
Located at 5687 S Transit Rd in Lockport, NY 14094, the property benefits from excellent visibility along the area’s dominant retail corridor. Public remarks indicate nearly 30,000 vehicles per day along South Transit Rd, with a surrounding mix of national retailers including Walmart Supercenter, Target, Lowe’s, Home Depot, Wegmans, and Starbucks.
The tenant is identified in the public remarks as an established Take 5 Oil Change operator with a large footprint across locations and franchise brands. The property’s reported bonus depreciation qualification is referenced in the remarks (please consult a tax professional for details).
Located at 5687 S Transit Rd in Lockport, NY 14094, the property benefits from excellent visibility along the area’s dominant retail corridor. Public remarks indicate nearly 30,000 vehicles per day along South Transit Rd, with a surrounding mix of national retailers including Walmart Supercenter, Target, Lowe’s, Home Depot, Wegmans, and Starbucks.
The tenant is identified in the public remarks as an established Take 5 Oil Change operator with a large footprint across locations and franchise brands. The property’s reported bonus depreciation qualification is referenced in the remarks (please consult a tax professional for details).
Key Highlights
- 2024 build‑to‑suit property leased to Take 5 on a 15‑year absolute NNN lease with zero landlord responsibilities
- Lease includes 10% rent increases every 5 years for the entire term (base + options)
- Corporate guaranty from an experienced Take 5 operator with 60 T5 locations and 245 locations across all franchise brands
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Collision Shop — 5775 S Transit Rd, Lockport, NY 14094
- gmps-heinrich — heinrich chevrolet, 5775 s transit rd, lockport, ny 14094
- Heinrich Chevrolet Corp. — 5775 S Transit Rd, Lockport, NY 14094
- Heinrich Chevrolet Service — 5775 S Transit Rd, Lockport, NY 14094
- Walmart Auto Care Centers — 5735 S Transit Rd, Lockport, NY 14094
FAQs
What type of property is this?
Auto shop - 2024 build-to-suit Take 5 property offered on a 15-year absolute NNN lease with corporate guaranty.
Where is this auto shop located?
The property is located at 5687 S Transit Rd Lockport, NY.
What is the asking price?
The asking price for this property is $2,221,257.
What are key features of this property?
This property features: 2024 build‑to‑suit property leased to Take 5 on a 15‑year absolute NNN lease with zero landlord responsibilities; Lease includes 10% rent increases every 5 years for the entire term (base + options); Corporate guaranty from an experienced Take 5 operator with 60 T5 locations and 245 locations across all franchise brands
