El Paso, TX - Take 5 Oil Change

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an NNN leased, Take 5 investment property located in El Paso, Texas. The tenant, T5 West Operations, LLC will sign a brand-new, 15-year lease at Close of Escrow 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 NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

The Take 5 is located near the signalized, hard corner intersection of Talbot Avenue and Woodrow Bean Transmountain Rd, combining to average over 38,900 vehicles passing by daily. Woodrow Bean Transmountain Rd, is a major retail thoroughfare serving the city of El Paso. The Take 5 is directly ajacent to a Popey’s and a future Laundromat. The asset is located within walking distance to The Outlet Shoppes at El Paso, a 433,000+ square foot outlet mall with more than 95 stores and averaging almost 5.2 Million visitors annually. In addition, Take 5 is located less than 2-miles from West Town Marketplace, a 500,000+ square foot shopping center that is anchored by Walmart Supercenter, Cabella’s, TJ Maxx & HomeGoods, Ross, and also includes many other national/credit tenants. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a McDonalds, Sonic, Whataburger, Starbucks, Little Caesars Pizza, IHop, Chick-fil-A, Raising Cane’s, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 105,224 and 24,497 employees with an average household income of $113,014.