Depew, NY Take 5 Oil Change

4885 Transit Rd
Lease Type Absolute Net
Cap Rate 6.75%
Property Type Freestanding Building
Land Area 0.70 Acres
Remaining Term 15 Years
Property Highlights
  • New 15-year Absolute Net Lease provides completely passive ownership and stable cash flow
  • Guarantee from Purple Square Management, an experienced 235+ unit operator of multiple brands including Take 5, Dunkin’, Popeyes, and Rent-A-Center
  • Purple Square currently operates 24 Take 5 locations with plans to open 10 more in 2023
  • Take 5’s parent company, Driven Brands (NASDAQ: DRVN), is the largest automotive services company in North America with over 4,700 locations (800+ Take 5 locations)
  • High profile free-standing building on oversized .70 Acre lot with full access from Transit Rd., the primary retail thoroughfare serving Depew
  • Attractive going in yield with fixed 10% rental increases provide income growth and hedge against inflation
  • E-commerce and recession resistant business model with touch-free drive-thru service
  • Strategically located between two major intersections with destination retailers including Walmart Supercenter, Target, Kohl’s, Wegman’s, Tops Market and Aldi
  • Affluent suburban market with 60,000 people and $97,000 AHHI in 3 miles