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New Take 5 Oil | 55+ Unit Operator 1655 S Valley Dr 11,430 SF Retail Building Las Cruces, NM 88005 $3,244,118 CAD ($283.82 CAD/SF) 6.25% Cap Rate

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INVESTMENT HIGHLIGHTS

Franchisee Guaranteed Sale-Leaseback | Options To Extend | Scheduled Rental Increases
Walmart Supercenter | Mesilla Valley Shopping Mall | New Mexico State University

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Strong Demographics In 5-Mile Trade Area

EXECUTIVE SUMMARY

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased Take 5 Oil Change investment property located in Las Cruces, New Mexico. The tenant, Take 5 Oil Change will sign a new, 15-year lease at the close of escrow (sale-leaseback) with 6
(5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

PROPERTY FACTS

Sale Type

Investment NNN

Sale Condition

Sale Leaseback

Property Type

Retail

Property Subtype

Auto Repair

Building Size

11,430 SF

Year Built

2023

Price

$3,244,118 CAD

Price Per SF

$283.82 CAD

Cap Rate

6.25%

NOI

$202,757 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.67

Lot Size

0.39 AC

Zoning

C-1 - Commercial Low Intensity

Parking

7 Spaces (0.61 Spaces per 1,000 SF Leased)

Services
99,999 SF
$9.99
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Whether it’s an oil change followed by a car wash, a car wash before an oil change…or both at completely different times, Take 5 gets the job done quickly so you can be on your way. Take 5 was founded as Rapid Oil Change. It offered quick oil changes, minor repairs and other maintenance services. Since then, it has seen expansion, faced disaster and become part of the community. What started in Louisiana, just outside New Orleans, spread to several states and across the southeastern United States from Virginia to Texas and several locations, with more shops opening in the coming months. Among the newest locations is the first Take 5 in Florida. To date, the company has opted to limit franchising the brand but it continues to consider future options to do so.