Prescott Valley, AZ - Take 5 Oil Change

Description:

SRS Real Estate Partners-West, LLC 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 Prescott Valley, Arizona. The tenant, T5 Prescott Valley AZ 056, LLC (dba Take 5 Oil Change) recently signed a brand new 15 year lease 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 an out of state investor.

The Take 5 Oil Change is located near the signalized intersection of State Route 69 and N. Prescott East Highway (48,100 VPD), with dedicated access from both roadways. State Route 69 is the major retail thoroughfare serving Prescott Valley and the greater Prescott MSA. The asset sits as a pad in the heart of the market’s primary retail corridor, anchored by Prescott Valley Town Center (Kohl’s) and surrounded by a dense concentration of national and credit tenants including Walmart Supercenter, The Home Depot, Safeway, Fry’s (Kroger), Sprouts Farmers Market, TJ Maxx, Ross, Dick’s Sporting Goods, Hobby Lobby, Ulta Beauty and Boot Barn. The immediate trade area features high-volume QSR and drive-thru neighbors including Chick-fil-A, Starbucks, Dutch Bros, Raising Cane’s, Chipotle and Culver’s, as well as Harkins Theatres, further increasing consumer traffic to the site. The subject property is in close proximity to Dignity Health – Yavapai Regional Medical Center East (82 beds), along with major daytime demand generators including Bradshaw Mountain High School (1,666 students) and Liberty Traditional School (813 students), and a strong surrounding residential base including Terraces at Glassford Hill (228 units), Bungalows on Market Street (112 homes) and The View at Prescott Valley (100 units). The 5-mile trade area is supported by a population of over 58,000 with an average household income of approximately $98,000.

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Listing ID: a28TP000003EUXZYA4