Listed by Matthews
$1,999,999
Take 5 Oil Change | 15-Yr Abs NNN w/ 10% Rent Increases
Details
Property Type Retail
Sub Type Gas Station, Storefront
Square Footage 1,735
Cap Rate 7.25%
NOI $145,000
Occupancy 100%
Tenancy Single
Brand/Tenant Take 5 Oil Change, Express Oil
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 04/30/2040
Remaining Term 14
Rent Bumps Yes
Lease Options Four, 5-Year
Year Built 2025
Investment Type Net Lease
Tenant Credit Credit Rated, Franchisee
Lease Commencement 04/11/2025
Ground Lease No
Ownership Fee Simple
Retail | 7.25% CAP | 1,735 SqFt
Marketing description
Purple Square Management Company (PSM) is a well-established multi-brand franchise operator headquartered in Tampa, Florida. Founded in 2006, the company strategically acquires and manages a diversified portfolio of quick-service restaurants, service businesses and specialty brands — with a geographic footprint that spans more than a dozen U.S. states. PSM curates a broad mix of consumer-facing tenants, combining scale in high-traffic categories (such as QSR and rental services) with a disciplined growth model anchored in brand partnerships and real estate excellence.
Investment 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 positioned along West State St which sees approximately 17,000 vehicles daily
- Located less than a mile from St Bonaventure university with an enrollment of 3,053 students
- 5-Mile population of ±21,653 residents & 10-Mile population of 32,615 residents (population numbers do not include student housing)
- Local national retailers include Walmart, Home Depot, Aldi, BJ's Wholesale Club, Marshalls, Verizon, Tractor Supply, McDonald's 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 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.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$144,999.96
$12,083.33/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
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