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New Take 5 Oil | 55+ Unit Operator 1655 S Valley Dr 11,430 SF Retail Building Las Cruces, NM 88005 $2,270,000 ($198.60/SF) 6.40% Cap Rate
Investment Highlights
- Franchisee Guaranteed Sale-Leaseback | Options To Extend | Scheduled Rental Increases
- Walmart Supercenter | Mesilla Valley Shopping Mall | New Mexico State University
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased Take 5 Oil Change investment property located in Las Cruces, New Mexico. The tenant, Take 5 Oil Change will sign a new, 15-year lease at the close of escrow (sale-leaseback) with 6
(5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
(5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
11,430 SF
Building Class
B
Year Built
2023
Price
$2,270,000
Price Per SF
$198.60
Cap Rate
6.40%
NOI
$145,280
Tenancy
Single
Building Height
1 Story
Building FAR
0.67
Lot Size
0.39 AC
Zoning
C-1 - Commercial Low Intensity
Parking
7 Spaces (0.61 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Take 5 Oil Change began in Louisiana near New Orleans and was founded in 1984 as Rapid Oil Change. The company built its service model around quick oil changes, minor repairs, and other maintenance work, then introduced a stay-in-your-car concept that became a defining part of the brand. Today, Take 5 Oil Change offers oil changes, fluid top-offs, tire pressure checks, filter and wiper inspections, and related vehicle maintenance through a broad network of company-owned and franchised service centers across the United States and Canada. The company also supports fleet accounts and continues to expand its franchise footprint within the quick-lube market.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-07137 | Improvements Assessment | $75,997 |
| Land Assessment | $33,033 | Total Assessment | $109,030 |
Property Taxes
Parcel Number
02-07137
Land Assessment
$33,033
Improvements Assessment
$75,997
Total Assessment
$109,030
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