Take 5 Oil Change | 15-Yr Abs NNN | 10% Rent Increases
Bonus Depreciation Eligible | $101k Annual Household Income
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.
Jamestown, located in Chautauqua County in southwestern New York, serves as a regional center for the southern tier and lies approximately 70 miles southwest of Buffalo. The city is connected by Interstate 86 (Southern Tier Expressway) and State Routes 60, 62, and 394, supporting steady local traffic and regional travel between western New York and northern Pennsylvania. Jamestown's downtown is anchored by civic institutions, Lakeview Avenue corridors, and proximity to Chautauqua Lake, which contributes to seasonal tourism and increased consumer activity.
Jamestown maintains a diversified employment base supported by advanced manufacturing, logistics, healthcare, and education. Major employers include UPMC Chautauqua and related medical offices, as well as regional manufacturing and distribution facilities. Educational assets such as Jamestown Community College and proximity to SUNY Fredonia help sustain a skilled labor pool. Jamestown's role as a commercial and service hub for surrounding rural communities, combined with commuter traffic and tourism tied to Chautauqua Lake and cultural attractions, supports consistent consumer flow for service-oriented retail, making it a suitable environment for automotive tenants such as Take 5 Oil Change.
Investment highlights
- Newer 2024 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 Fairmont which sees approximately 21,000 vehicles daily
- Affluent Buffalo suburb with an average household income $101,084 annually
- Local national retailers include Wegmans, Target, Home Depot, Rite-Aid, Walmart, Starbucks, Verizon and many more
- Jamestown is located at the southern end of Chautauqua Lake, a popular summer destination drawing in tourist from all over New York and surrounding states
- 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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