Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus
$2,480,000
Take 5 Oil Change
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 1,438
Cap Rate 5.85%
NOI $145,076
Occupancy 100%
Tenancy Single
Brand/Tenant Take 5 Oil Change
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 07/30/2040
Remaining Term 14.1
Rent Bumps Yes
Lease Options 6, 5 Year Options
Price per SqFt $1,725
Year Built 2023
Acreage 0.650
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 07/01/2025
Qualifies for 100% Bonus/Accelerated Depreciation | 5.85% CAP | 1,438 SqFt
Marketing description
Founded in 1984, Take 5 Oil Change pioneered the stay-in-your-car oil change, transforming the industry with its fast and simple service model. In 2024 alone, the brand added more than 100 new franchise locations, nearly doubling its franchise footprint in just two years. For the first quarter of 2025 ending March 29, 2025, Take 5 reported revenue growth of 15 percent and same store sales growth of 8 percent. As part of Driven Brands, Take 5 continues to grow its presence across the U.S. and Canada.
El Paso, the county seat of El Paso County, is the second-largest city in the Southwest United States. The city of El Paso is home to the largest metro area that runs along the Texas-Mexico border and is a top 20 percent U.S. performing economy.
Investment highlights
- Brand New 15-Year Absolute Triple-Net (NNN) Lease
- 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
- Corporate Guaranty by Over 24 Unit Franchisee
- Dense Trade Area in El Paso - 102,591 Residents within a Five-Mile Radius
- High-Quality 2023 Construction
Listing Contacts
Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$145,076.00
$12,089.67/mo
Valuation Metrics
0
DSCR
5.85%
Cap Rate
5.85%
ROI
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