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270 Hogan Blvd, Mill Hall, PA, 17751

Take 5
$2,445,000

Key Information

Cap Rate
7%
Tot. SF
1,736
Year Built
2025
Term Remaining
±14.7 YRS
Type
Retail

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)
  • Full-term franchise guarantee from an experienced Take 5 Oil Change operator (±60 T5 locations& 245 locations across all franchise brands)
  • Well position along Hogan Blvd as a Lowe’s Home Improvement pad site and directly across from a Walmart Supercenter
  • Affluent demographics with an average household income $85,045 annually
  • Mill Hall is located in central PA, roughly 25-miles West of Williamsport
  • 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 ±1,500locations 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 than70+ million vehicles annually.

Photos

Location

Agents

Broker of Record

Kyle Matthews

License # RB068831 (PA)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500 Nashville, TN 37203