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Take 5 Oil Change 3900 Southern Blvd SE 1,315 SF Retail Building Rio Rancho, NM 87124 $1,897,055 CAD ($1,442.63 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- 13+ Years Remaining | Options To Extend |Scheduled Rental Increases
- Adjacent To Walmart (42,000+ SF) | Retail Corridor |Strong National/Credit Tenant Presence
- NNN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• The tenant has approximately 13+ years remaining with 5 (5-year) opions to extend, demonstrating their commitment to the site
• The lease features a 10% rental increase in year 11, and 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation
• The lease features a 10% rental increase in year 11, and 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,315 SF
Building Class
B
Year Built
2024
Price
$1,897,055 CAD
Price Per SF
$1,442.63 CAD
Cap Rate
6.50%
NOI
$123,309 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.11 AC
Frontage
AMENITIES
- Corner Lot
- Pylon Sign
NEARBY MAJOR RETAILERS
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Take 5 Oil Change | 3900 Southern Blvd SE
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