Listed by SRS Real Estate Partners Newport Beach
$2,921,000
New Take 5 Oil | 15-Yr NNN SLB | 29+ Unit Guaranty
Details
APN 1-011-066-380-391-1-01-05
Property Type Retail
Sub Type Auto Shop, Storefront
Square Footage 1,438
Units 1
Cap Rate 6%
NOI $175,288
Occupancy 100%
Tenancy Single
Brand/Tenant Jiffy Lube, Take 5 Oil Change
Lease Type Absolute NNN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Lease Options 6 (5-Year)
Broker Co-Op Yes
Class A
Year Built 2026
Buildings 1
Stories 1
Acreage 0.520
Zoning MX-L - Mixed-Use - Low Intensity
Investment Type Sale/Leaseback
Tenant Credit Franchisee
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Sale Condition Sale for leaseback
50+ Unit Operator | Absolute NNN | 10% Bumps
Investment highlights
Brand New 15-Year Lease | Franchisee Guaranteed | 10% Rental Increases | Brand New Construction
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Dominant Retail Trade Area | Fast Food Retail Corridor | State Highway 528 (62,800 VPD)
Cottonwood Corners (566,000 SF) | Cottonwood Mall (850,000 SF)
Strong Demographics | Expanding North Albuquerque Market
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$175,288.00
$14,607.33/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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