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26328181
26328180

3900 Southern Blvd SE, Rio Rancho, NM 87124

PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
MM
CA 01732226
SRS Real Estate Partners Newport Beach
PN
FL BK3120739, NC No. 281618
SRS Real Estate Partners Tampa
WW
FL SL3257920
SRS Real Estate Partners Tampa
Listed by SRS Real Estate Partners Newport Beach, SRS Real Estate Partners Tampa
$1,359,000
26 days on market
Updated 26 days ago

Take 5 Oil Change

Details
Property Type Retail
Sub Type Auto Shop, Storefront
Square Footage 1,315
Cap Rate 6.5%
NOI $88,310
Occupancy 100%
Tenancy Single
Brand/Tenant Take 5 Oil Change, Express Oil
Lease Type Absolute NNN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Lease Options 5 (5-Year)
Broker Co-Op Yes
Class A
Year Built 2024
Buildings 1
Stories 1
Acreage 0.500
Zoning Commercial
Investment Type Net Lease
Tenant Credit Franchisee
Ground Lease No
Ownership Fee Simple (Land & Building)
Sale Condition 1031 exchange

13+ Years Remaining | 10% Rental Increases Every Five | $110,860 Average HHI

Marketing description

Introducing an exceptional investment opportunity in Rio Rancho, New Mexico - the 3900 Southern Boulevard SE. This single-tenant NNN property boasts over 13 years remaining on the lease, with options to extend and scheduled rental increases. The tenant, T5 Rio Rancho NM 052, LLC operating as Take 5 Oil Change, is committed to the site with a strong lease in place. This property offers fee simple ownership with minimal landlord responsibilities, making it an ideal, low-management investment for passive investors. Located adjacent to a Walmart Neighborhood Market and a Smith's grocery store-anchored shopping center, the property benefits from a high-traffic retail corridor with major national and credit tenants, including McDonald's, Dollar Tree, and UPS. Don't miss this opportunity to own a prime commercial property with a reliable tenant and steady income.

Investment highlights

  • 13+ Years Remaining | Options To Extend |Scheduled Rental Increases

  • NNN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities

  • Adjacent To Walmart (42,000+ SF) | Retail Corridor |Strong National/Credit Tenant Presence

  • Strong Demographics In 5-Mile Trade Area

Listing Contacts

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

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$88,310.00
$7,359.17/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

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Additional Information

Name
Kevin Cordova
License
NM License No. B.19145
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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