1300 Hylan dr - Retail FOR SALE


Rochester, NY 14623
$2,271,429 USD
847-562-8500
1300 Hylan dr, Rochester, NY for Sale
$2,271,429 USD
Retail - FOR SALE
1/4
null | 7% Cap Rate

1300 Hylan dr
Rochester, NY 14623


HIGHLIGHTS

  • Guaranty from Purple Square Management, an established over 200 unit franchisee
  • NNN lease – no landlord responsibilities
  • Positioned in a dense retail corridor with tenants Target, Lowe’s, Best Buy, Walmart, Wegmans, Burlington, ALDI, Ashley, & several others
  • Marketplace Mall shadow anchor (Dave & Buster’s, Dick’s Sporting Goods, Floor & Décor, JCPenney, UR Medicine, & many others)
  • Over 137,000 people live within a ?ve-mile radius
  • Average household income within ?ve miles is $99,066

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Take 5 Oil Change property located in Rochester, New York. Completed in 2024, the property features a 15+ year absolute NNN lease, with rent commencing in March 2024 and extending through July 2039. The lease includes 10% rental escalations every ?ve years throughout the primary term and four 5-year renewal options. The lease is guaranteed by Purple Square Management, a highly experienced franchise operator founded in 2006, currently managing over 200 locations across multiple brands. The 1,640 square-foot building bene?ts from its prime position along Hylan Drive (13,600 VPD) and immediate access to Interstate 390 which experiences over 67,600 vehicles per day. The property also bene?ts from its location in a dense retail corridor. Neighboring retailers include Target, Lowe’s, Best Buy, Walmart, Wegmans, Burlington, ALDI, Ashley, and several others. Additionally, the property is within walking distance from the Marketplace Mall, a regional shopping destination that houses tenants Dave & Buster’s, Dick’s Sporting Goods, Floor & Décor, JCPenney, UR Medicine, and many others. There are over 137,000 people living within a ?ve-mile radius. Those of which earn an average household income of $99,066. Take 5 Oil Change was founded in Metairie, LA in 1984 with the mission to provide fast, friendly, affordable oil changes with an emphasis on an exceptional customer experience. They currently have more than 1,000+ locations in 23 states with an additional 950 units in the pipeline and plans for further expansion into additional states. Long term their goal over the next ten years is to grow to more than 2,000 locations. Take 5 Oil Change is a wholly owned subsidiary of Driven Brands (NASDAQ: DRVN), a leading automotive services company.

FOR SALE DETAILS

PRICE

$2,271,429 USD

PRICE/SF

$1,385 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,633 SF

ZONING

-

APN/PARCEL ID

263200 161.16-1-2.12

ASK ABOUT THIS PROPERTY

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.