New Take 5 Oil | 50+ Unit Operator by 2025 6810 TX-16 Spur Dr

• Brand-new, 2023 construction asset
• Absolute triple net lease | Zero landlord responsibilities
• New, 15-year lease with 10% rent increases every 5 years throughout the initial term and options | Yields an average CAP of 6.62%, assuming purchase at List Price
• Full-term guaranty from a high-growth operator | Currently has 28+ sites open and operating and is on track to have 50+ locations open and operating by the end of 2024 | Contact Agent for details
• Walking distance to The Outlet Shoppes at El Paso | The only shopping center for over 1.5 miles | Contains 433,000+ SF across 96 total stores and nearly 5.2MM annual visitors
• Excellent access and visibility from TX-16 Spur Hwy/Woodrow Bean Transmountain Dr which boasts 20,900 VPD
• Walking distance to Canutillo High School | 1,468 total students
• Visibility from I-10 which boasts ±66,000 VPD
• Adjacent to new construction Popeyes
• Less than 1.5 miles from:
– West Town Marketplace | 500,000+ SF shopping center anchored by Walmart Supercenter, Cabela’s, TJ Maxx & HomeGoods, Ross, among others
– The Hospitals of Providence Transmountain Campus | 108-bed, full-service hospital
• Take 5 Oil Change is the fastest growing oil change concept in the U.S. with more than 850 locations in 23 states with an additional 950 sites in the pipeline
• Contactless, “Stay in your Car, 10-Minute Oil Change” | COVID resistant concept with limited scope of work to avoid “upselling”
• Brand-driven demographics | 92,400+ residents with an average HH income exceeding $97,600 within a 10-minute drive
• As the 6th largest city in Texas, El Paso is a top 20% U.S. performing economy and continues to experience positive economic growth