Take 5 | 7% Cap Rate | 10% Increases Every 5 Years
5-Mile Population of ±342,692 Residents
Investment highlights
Lease & Location Highlights
● Brand new 2025 build-to-suit construction for Take 5
● 15-Year absolute NNN lease with zero landlord responsibilities
● 10% rent increases every 5 years for the entire term of the lease (base + options)
● The property qualifies for bonus depreciation (consult with a tax professional for details)
● Corporate guaranty from an experienced Take 5 Oil Change operator (±60 T5 locations & 245 locations across all franchise brands)
● Well position along Elmwood Ave which sees nearly 40,000 vehicles daily (intersection of Elmwood and Hertel)
● 5-Mile population of ±342,692 residents & 10-Mile population of 671,255 residents
● Buffalo is the 3rd largest city in the state of NY and is home to the Buffalo Bills, Buffalo Sabres, and Bandits (Lacrosse)
Tenant Highlights
● Strong Guaranty from Purple Square Management Company, LLC – operates 245 franchise locations across 15 states.
● Purple Square is an operator of Take 5, Dunkin, Baskin Robbins, The Brass Tap, Popeyes, Rent-A-Center, Small Sliders, American Family Care and more.
● Take 5 is one of the nation’s leading drive-thru oil change concepts with approximately ±1,500 locations across the United States.
● Driven Brands operates more than 5,000 units including Take 5 Oil, Meineke Car Care, Maaco, 1-800-Radiator, CARSTAR and more.
● Driven Brands has roughly 5,000+ locations throughout 14+ countries, and services more than 70+ million vehicles annually.
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