Take 5 Oil Change | Abs NNN | 1655 S Valley Dr
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Take 5 Oil Change | Abs NNN 1655 S Valley Dr
11,430 SF Retail Building Las Cruces, NM 88005 $2,421,000 ($212/SF) 6% 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
Property Type
Retail
Property Subtype
Building Size
11,430 SF
Year Built
2023
Price
$2,421,000
Price Per SF
$212
Cap Rate
6%
NOI
$145,250
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)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02-07137 | Improvements Assessment | $0 |
| Land Assessment | $33,033 | Total Assessment | $33,033 |
PROPERTY TAXES
Parcel Number
02-07137
Land Assessment
$33,033
Improvements Assessment
$0
Total Assessment
$33,033
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Take 5 Oil Change | Abs NNN | 1655 S Valley Dr
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