Lube X-press - El Paso, TX
Quick-Lube Chain | Built-to-Suit | 10% Rent Bumps | High-Growth El Paso, TX Market
Marketing description
We are pleased to exclusively offer for sale the 4,000 SF Lube X-press located at 1510 Resler Drive in El Paso, Texas. Built-to-suit for Lube X-press, the only locally owned quick-lube chain in the El Paso market, the brand has expanded to 14 locations across the region, demonstrating strong recognition and deep local market penetration. This investment features a favorable lease structure with built-in income growth, including 10% rental increases every 5 years throughout four additional 5-year renewal options.
Investment highlights
Strong, Local Tenant: Built-to-suit for Lube X-press, the only locally owned quick-lube chain in El Paso. Founded in 2012, Lube X-press specializes in drive-thru oil changes and preventative maintenance and has grown to 14 locations across the El Paso market, demonstrating strong brand recognition and local market penetration.
Tax-Free State: Located in Texas, an income tax-free state, providing an added advantage for net-lease investors seeking to maximize after-tax returns and long-term cash flow efficiency.
Attractive Renewal Options with Increases: Lease structure features 10% rental increases every 5 years, including throughout 4 additional 5-year renewal options, offering built-in income growth and long-term cash flow stability.
Strong Demographics: The property benefits from a dense and affluent trade area, with over 135,000 residents within a 5-mile radius and an average household income exceeding $110,547 annually.
High Traffic Area: Positioned along N Resler Drive, a major thoroughfare with traffic counts exceeding 8,219 VPD, providing strong visibility and convenient access for customers.
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