New Take 5 | 55+ Unit Operator | 25+ Unit Guaranty
Across from Walmart Supercenter-anchored center
Marketing description
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.
Investment highlights
Franchisee Guaranteed Sale-Leaseback | Options To Extend | Scheduled Rental Increases
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Walmart Supercenter | Mesilla Valley Shopping Mall | New Mexico State University
Strong Demographics In 5-Mile Trade Area
More than 104,900 residents and 59,300 employees support the trade area
$73,701 average household income
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