5687 S Transit Rd, Lockport, NY 14094

Matthews™ is pleased to exclusively offer for sale a brand-new 2024 build-to-suit Take 5 Oil Change located at 5687 S Transit Rd in Lockport, NY. This single-tenant retail investment features a 15-year absolute NNN lease with zero landlord responsibilities and 10% rent increases every 5 years throughout the entire lease term, including all option periods.

The property is backed by a full-term franchise guarantee from Purple Square Management Company, LLC, an experienced operator of approximately 60 Take 5 locations and 245 total franchise locations across 15+ states and multiple brands. The property is strategically positioned along South Transit Rd, which sees nearly 30,000 vehicles daily, and benefits from excellent visibility within Lockport's dominant retail corridor surrounded by national retailers including Walmart Supercenter, Target, Lowe's, Home Depot, Wegmans, and Starbucks.

Lockport is an affluent Buffalo suburb with a 5-mile average household income of $101,084 annually and is located within the Buffalo-Niagara Falls MSA, which has a population of 1.2 million residents. The property qualifies for bonus depreciation and offers investors a turnkey net lease investment with strong credit, built-in rent growth, and minimal landlord responsibilities.