Take 5 | Lake George NY | 15-Yr Abs NNN
10% Bumps Every 5 Years | 65,300 Vehicles Daily
Marketing description
Matthews™ is pleased to exclusively offer for sale a brand new 2025 build-to-suit Take 5 Oil Change located at 538 Aviation Rd in Queensbury, NY. This single-tenant retail investment features a 15-year absolute NNN lease with zero landlord responsibilities and 10% rent increases every 5 years throughout the entire lease term including options. The property is backed by a corporate guarantee from Purple Square Management Company, LLC, an experienced multi-brand franchise operator with approximately 60 Take 5 locations and 245 locations across all franchise brands.
The property benefits from exceptional visibility and traffic exposure with approximately 65,300 vehicles per day at Aviation Rd & I-87. Located directly across from Aviation Mall with national tenants such as Target, CVS, Planet Fitness, Ollie's, and Regal Cinemas, the site serves affluent demographics with an average household income of $109,435 annually within a 5-mile radius. The 5-mile population exceeds 50,600 residents, and Queensbury is located just south of the famous Lake George, a popular tourist destination that drives additional seasonal traffic.
This absolute NNN investment offers investors a passive, hands-off ownership structure with built-in rent escalations and strong tenant fundamentals. The property qualifies for bonus depreciation, providing potential tax advantages for qualified buyers.
Investment 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
- 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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