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Take 5 Oil Change | 13+yrs Remain NNN w/ Incr 1341 N Zaragoza Rd 1,315 SF Retail Building El Paso, TX 79936 $1,615,000 ($1,228.14/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- ±13.8 Years Remaining | Scheduled Rental Increases | Options To Extend
- Las Palmas Marketplace | Dense Retail Corridor
- NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• T5 El Paso Zaragoza Tx 048, LLC, Franchisee guaranteed lease
• The tenant, Take 5 Oil Change, has ±13.8 years remaining on their original lease with with 5 (5-year) option periods to extend
• The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation
• The tenant, Take 5 Oil Change, has ±13.8 years remaining on their original lease with with 5 (5-year) option periods to extend
• The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,315 SF
Building Class
B
Year Built
2023
Price
$1,615,000
Price Per SF
$1,228.14
Cap Rate
6.50%
NOI
$105,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
1.95 AC
Zoning
C-3 - Commercial
Parking
5 Spaces (3.8 Spaces per 1,000 SF Leased)
Frontage
449’ on North Zaragoza Road
AMENITIES
- Freeway Visibility
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | V893-999-3410-0100 | Improvements Assessment | $0 |
| Land Assessment | $1,450,727 | Total Assessment | $1,450,727 |
PROPERTY TAXES
Parcel Number
V893-999-3410-0100
Land Assessment
$1,450,727
Improvements Assessment
$0
Total Assessment
$1,450,727
CONTACTS
-
Patrick Luther -
Matthew Mousavi -
Webb Sellers -
William Wamble -
SRS National Net Lease
1 of 8
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Take 5 Oil Change | 13+yrs Remain NNN w/ Incr | 1341 N Zaragoza Rd
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