5658 S Transit Rd - Auto Repair FOR SALE
Lockport, NY 14094 |
5658 S Transit Rd
Lockport, NY 14094
HIGHLIGHTS
- Location: Well-positioned property situated on hard signalized corner exposed to over ±29,000 VPD
- NNN Lease: Landlord responsibilities limited to roof & structure (full replacement)
- Value Add Component: Opportunity for an investor to increase value by extending lease, repositioning asset, or plugging in automotive use tenant.
- Annual Rent Escalation: Lease includes 2.00% annual rental increases, with the next bump occurring 2/1/2024
- Retail Synergy: Site located amongst several national brand retailers including multiple automotive related businesses
- Corporate Guarantee: Investment is guaranteed by Pep Boys, who operate over 1,000+ locations across 35 states
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Pep Boys
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
TOTAL BUILDING SIZE
4025
STORIES
1
YEAR BUILT
1979
SPRINKLERS
-
PARKING SPACES
20
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
292600-123-013-0001-004-000
