Single-Tenant NNN Auto Service
For Sale
$2,221,257
5687 S Transit Rd, Lockport, NY 14094
2024 build-to-suit Take 5 property offered on a 15-year absolute NNN lease with corporate guaranty.
Property SizeContact for details
Days on Market70
Property Features for 5687 S Transit Rd
General Information
Standard status
Active
Property subtype
Commercial
Lease Term
±14 Yrs
Net Operating Income
$155,488
Building Details
Year Built
2024
Listing Agency:
Matthews Real Estate Investment Services | Dallas
Listed By:
Josh Bishop · License #688810 (TX)
(214) 692-2289
Source:
Matthews
Added: Jun 28
Changed: Aug 8
Last Checked: Sep 4 at 2:09AM
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
430k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Superstores 21%
Shops & Services 18%
Home Improvements & Furnishings 10%
Walmart
Superstores
88,485 visits/mo
0.2 miles
The Home Depot
Home Improvements & Furnishings
32,028 visits/mo
0.3 miles
Runnings
Apparel
26,990 visits/mo
0.4 miles
Aldi
Groceries
25,744 visits/mo
0.2 miles
Dollar Tree
Shops & Services
23,997 visits/mo
0.3 miles
Demographics for 14094, NY
50,969
Population
23,283
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
92%
High-School Grad
121.7 sq mi
ZIP Area
419
Density / Sq Mi
$73,354
Median Household Income
$45,056
Median Earnings
$869
Median Rent
$186,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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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 Service — 5775 S Transit Rd, Lockport, NY 14094
- Heinrich Chevrolet Corp. — 5775 S Transit Rd, Lockport, NY 14094
- Walmart Auto Care Centers — 5735 S Transit Rd, Lockport, NY 14094
Frequently Asked Questions
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
