Take 5 | Lake George, NY | 7% Cap Rate
10% Rent Increases | ± 65,300 Vehicles Daily
Investment highlights
Lease & Location Highlights
● Brand new 2025 build-to-suit construction for Take 5 Oil Change
● 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 guarantee from an experienced Take 5 Oil Change operator (±60 Take 5 locations & 245 locations across all franchise brands)
● Affluent demographics with an average household income of $109,435 annually (5-mile radius)
● ± 65,300 Vehicles daily at Aviation Rd & I-87
● 5-Mile population exceed 50,600 residents
● Queensbury is located just south of the famous Lake George – a popular tourist destination
● Located directly across from Aviation Mall with national tenants such as Target, CVS, Planet Fitness, Ollie’s, Regal Cinemas, and many more
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 Robins, 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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