Take 5 Oil Change | Buffalo NY MSA
Bonus Depreciation Eligible | 10% Rent Increases
Marketing description
Matthews™ is pleased to exclusively offer for sale a brand-new 2024 build-to-suit Take 5 Oil Change location in Lockport, New York. This investment features a 15-year absolute NNN lease with 10% rent increases every 5 years throughout the entire term, including all option periods. The property is corporately guaranteed by Purple Square Management Company, LLC, a sophisticated multi-brand franchise operator managing 245+ locations across 15+ states.
The subject property enjoys exceptional visibility and access along South Transit Road, which experiences nearly 30,000 vehicles per day. It is strategically positioned within Lockport's premier retail corridor, surrounded by national anchors including Walmart Supercenter, Target, Lowe's, Home Depot, and Wegmans. The location benefits from strong demographics, with a 5-mile average household income of $101,084 and access to over 159,000 residents within a 10-mile radius.
As part of the Buffalo-Niagara Falls MSA (population 1.2M), this asset offers investors a rare combination of new construction, institutional tenant strength, predictable rent growth, and zero landlord responsibilities under an absolute net lease structure.
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 South Transit Rd which sees nearly 30,000 vehicles daily
- Excellent visibility along Lockport's dominant retail corridor surrounded by national retailers including Walmart Supercenter, Target, Lowe's, Home Depot, Wegmans, Starbucks, and many more
- 5-Mile population of ±46,935 residents & 10-Mile population of 159,388 residents
- Affluent Buffalo suburb with an average household income $101,084 annually
- Lockport is located within the Buffalo-Niagara Falls MSA (population of 1.2M residents)
- 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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