• Brand-new, build-to-suit construction asset
• New, 15-year & 4-month, absolute NNN lease | Zero Landlord responsibilities
• Superior guarantor and operator | Lease is backed by Purple Square Management, LLC which has 305+ stores opening and operating throughout 15 states | Their brands include Dunkin’/Baskin Robbins (105), Rent-A-Center (64), Popeyes (45), Take 5 Oil Change (50), RimTyme (28), AFC Urgent Care (11), The Brass Tap (2), and Smalls Sliders
• Excellent access and visibility from Grant Avenue which sees ±29,580 VPD
• Directly across the street from Auburn Plaza | Anchored by ALDI, Habor Freight and Marshalls
• Strong, 10% rental increases every 5 years throughout the initial term and options, providing an excellent hedge against inflation | Yields a 7.74% average CAP over the base lease term, assuming purchase at List Price
• Site is walking distance to:
• A Walmart Supercenter & Lowe’s anchored shopping center
• A BJ’s-anchored shopping center
• Grant Avenue Plaza | A Big Lots and Tractor Supply-anchored shopping center
• Cayuga Community College & Auburn Junior High School | 3,500 combined students
• Heavily auto-related corridor with 7 different car dealerships
• About 1.5 miles from:
• Downtown Auburn
• Auburn Community Hospital | 99-bed acute care facility
• Take 5 Oil Change is the fastest growing oil change concept in the U.S. with more than 1,000 locations across 41 states with an additional 950 sites in the pipeline
• E-commerce and recession proof tenant