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538 Aviation Rd, Queensbury, NY, 12804

Take 5
$2,235,714

Key Information

Cap Rate
7%
Tot. SF
1,735
Year Built
2025
Term Remaining
±14.75 YRS
Type
Retail

Highlights

  • Brand new 2025 build-to-suit construction for Take 5 Oil Change
  • 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 guarantee from an experienced Take 5 Oil Change operator (±60 Take 5locations & 245 locations across all franchise brands)
  • Affluent demographics with an average household income of $109,435 annually (5-mileradius)
  • ± 65,300 Vehicles daily at Aviation Rd & I-87
  • 5-Mile population exceed 50,600 residents
  • Queensbury is located just south of the famous Lake George – a popular tourist destination
  • Located directly across from Aviation Mall with national tenants such as Target, CVS, Planet Fitness, Ollie’s, Regal Cinemas, and many more Tenant Highlights
  • Strong Guaranty from Purple Square Management Company, LLC – operates245 franchise locations across 15 states.
  • Purple Square is an operator of Take 5, Dunkin, Baskin Robins, 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

Photos

Location

Agents

Broker of Record

Cory Rosenthal

License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017