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26328111
27624469

1341 N Zaragoza Rd, El Paso, TX 79936

MM
CA 01732226
SRS Real Estate Partners Newport Beach
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
WS
TX TX 589055
SRS Real Estate Partners SAN ANTONIO
WW
FL SL3257920
SRS Real Estate Partners Tampa
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Tampa, SRS Real Estate Partners SAN ANTONIO
$1,615,000
437 days on market
Updated 31 days ago

Take 5 Oil Change | El Paso, TX (Zaragoza)

Details
APN V893-999-3410-0300
Property Type Retail
Sub Type Auto Shop
Square Footage 1,315
Cap Rate 6.5%
NOI $105,000
Occupancy 100%
Tenancy Single
Brand/Tenant Take 5 Oil Change
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 12/30/2038
Remaining Term 12.6
Rent Bumps Yes
Lease Options 5 (5-year)
Broker Co-Op Yes
Year Built 2023
Buildings 1
Stories 1
Acreage 1.950
Zoning C-3
Parking Spaces 5 spaces
Parking Per SqFt 3.80
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 12/21/2023
Ground Lease No
Ownership Fee simple interest (land & building ownership)
Sale Condition 1031 exchange

13+ Years Remaining | 10% Increases Every Five | Walking Distance from 100,000 SF Retail Center

Marketing description

Introducing a lucrative investment opportunity in El Paso, Texas - TAKE 5 at 1341 N. Zaragoza Road. This single-tenant NNN property presents a stable income stream with 13+ years remaining on the lease, offering scheduled rental increases and options to extend. Operated by T5 El Paso Zaragoza TX 048, LLC (d.b.a. Take 5 Oil Change), this property boasts a 6.50% cap rate and generates a net operating income of $105,000. With a fee-simple ownership structure and zero landlord responsibilities, this 1,315 SF property on 0.26 AC land benefits from a prime location in a dense retail corridor near Las Palmas Marketplace. The lease includes 10% rental increases at the beginning of each option period, providing a hedge against inflation. Ranked as the #1 Take Five location in the country by Placer a.i, this is an ideal, management-free investment for passive investors seeking a reliable income stream.

Investment highlights

  • ±13.8 Years Remaining | Scheduled Rental Increases | Options To Extend

  • NNN | Fee Simple Ownership | Zero Landlord Responsibilities

  • Las Palmas Marketplace | Dense Retail Corridor

  • Strong Demographics In 5-Mile Trade Area

Listing Contacts

MM
CA 01732226
SRS Real Estate Partners Newport Beach
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
WS
TX TX 589055
SRS Real Estate Partners SAN ANTONIO
WW
FL SL3257920
SRS Real Estate Partners Tampa
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Tampa, SRS Real Estate Partners SAN ANTONIO

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$105,000.00
$8,750.00/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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Additional Information

Name
Ryan Johnson
License
TX License No. 525292
Brokerage
SRS Real Estate Partners-Southwest, LLC
Title
Broker of Record
Name
Webb Sellers
License
TX 589055
Brokerage
SRS
Title
EVP
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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