Take 5 Oil Change | New 15yr Abs NNN 601 Whitney Ranch Drive

SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, investment property located in Henderson, Nevada. The tenant, Take 5 Oil Change recently signed a brand new 15 year lease with 3 (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. The newly-constructed building will features a state-of-the-art design and high-quality materials. Take 5 has over 800 company-owned and franchised service centers throughout the United States and Canada. The store’s grand opening took place in Q4 of 2023 and has been performing exceptionally well, surpassing all pro-forma financial projections.