Northmarq, on behalf of ownership, is pleased to present the opportunity to acquire the fee simple interest in the Dunn Tire located at 6121 Robinson Road in Lockport, New York (the “Property”). Positioned at the corner of two state highways (NY-78 and NY-93), the Property is within the Buffalo-Niagara Falls metro area, conveniently positioned within 20 minutes of each.
Dunn Tire has successfully operated at this facility since 1997, expanding the building in 2011 and signing two, long-term extensions that today guarantee cash flow through June 2029 with one, five-year option to follow. A Landlord-favorable, NN lease is in effect where ownership’s liability is limited primarily to roof and structural components of the Property and premises.
Although doing business as a Dunn Tire, the tenant on the lease today is Discount Tire following Discount Tire’s 2023 acquisition of the Dunn Tire chain. Discount Tire is the largest family-owned retail tire business in U.S., is among the largest private companies in the U.S. and currently holds the largest dollar share of the U.S. tire market, generating $9.7 billion in revenue in 2024 from a footprint that includes more than 1,150 stores across 39 states.