Murrieta, CA - Oil Changers

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, new construction, Oil Changers investment property located in Murrieta, California (Inland Empire MSA). The tenant, Oil Changers, recently signed a new 15 year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases in Year 10 of the initial term, and at the beginning of each option period, hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Oil Changers is a leading independent fast oil and lube business offering a convenient drive thru model with 200+ locations.

The subject property is strategically located at a highly visible corner lot near the heavily trafficked intersection of Murrieta Hot Springs Road (31,000 VPD) and Winchester Road (77,700 VPD), a major regional thoroughfare serving Murrieta. The site is positioned directly off Interstates 15 (198,000 VPD) and 215
(161,000 VPD), a pair of primary highways utilized by commuters throughout Southern California and the Inland Empire. The tenant will receive increased consumer traffic from its position adjacent to a newly constructed 7-Eleven convenience store and gas station as well as a Super Star Car Wash. Surrounding retail includes grocery-anchored centers by Vons, ALDI, and the Albertsons anchored Winchester Square, which receives 3 million+ annual visits (per Placer.ai) further drawing traffic from the nearby interstate highways. The property is further supported by an immediate, dense residential population, including the recently completed Delhaven Point Apartments (235 units) with average rents exceeding $3,100, and Hilltop at Winchester Creek (175 units) with average rents exceeding $3,600. This concentration of high-end multifamily communities, coupled with the continued population growth of Murrieta, French Valley, and Temecula, provides a built-in consumer base with sustained demand for retail and service-oriented uses at the intersection. The Inland Empire area offers a more affordable alternative to coastal Southern California markets, driving strong population growth, new housing development, and rising demand for both retail and commercial investment. The 5-mile trade area is supported by a population of over 212,000 residents and 79,000 employees with an affluent average household income of $142,112.