Take 5 Oil Change NNN — Auburn, NY

Updated November 5, 2026

$1,922,818 · 7.45% CAP · 13.9 YRS

New 2025 build-to-suit Take 5 Oil Change at 232 Grant Ave in Auburn, about 1,340 SF, fee simple, asking $1,922,818 at a 7.45% cap on $143,250 rent. The absolute NNN lease has no landlord duties. Rent began September 2025 and the term runs to September 2040, about 13.9 years; the year-6 step takes rent to $157,575, and four renewals of five years each carry the same 10% schedule. Rent is backed by Purple Square Management Company, LLC, which runs about 245 units as a franchisee; Take 5 corporate does not guarantee it. Photo is representative. Grant Ave carries about 30,000 vehicles per day near Walmart Supercenter, Lowe's and Tractor Supply. Auburn is the Cayuga County seat in the Finger Lakes.

Lease Abstract

Price

$1,922,818

Cap rate

7.45% CAP

NOI

$143,250

Term remaining

13.9 YRS

Lease type

Absolute NNN

Increases

10% every 5 years, including options

Options

4 x 5-year

Guarantee

Franchisee

Building

1,340 SF

Year built

2025

Listing information is deemed reliable but not guaranteed — pricing, cap rates, and lease terms are subject to change, prior sale, or withdrawal without notice.

Property Details

1,340 SF building, built 2025. $1,435/SF asking, $106.90/SF NOI. Rent increases: 10% every 5 years, including options. Renewal options: 4 x 5-year. Franchisee guarantee. Primary term ends around 2040 (13.9 yrs left at listing, Nov 2026).

Location

Auburn, New York — 232 Grant Ave, Auburn, NY 13021. Full address and offering memorandum released on request — see our Take 5 Oil Change tenant guide and the New York market page for the underwriting context.