Casa Grande, 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 Casa Grande, Arizona. The tenant, Take 5 Oil Change will sign a brand-new, 15-year lease at the close of escrow with 6 (5-year) option periods 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. Take 5 Oil Change is the fastest growing oil change concept in the U.S. with more than 1,000 locations in 42 states with an additional 300+ sites in the pipeline.

The property is located at the signalized, hard-corner intersection of Florence Blvd & Peart Rd averaging a combined 54,400 vehicles passing by daily. Additionally, the property is positioned just west of Interstate 10 (53,500 VPD), a major east/west travelling thoroughfare connecting Los Angeles to El Paso. Furthermore, the asset is ituated adjacent to Tri-Valley Plaza, which is anchored by Fry’s Electronics, Planet Fitness, and JOANN Fabric & Crafts. Moreover, Take 5 is located about 2 miles west of the newly developed Promenade at Casa Grande, a 1,000,000 square foot open-air regional shopping center anchored by Dillard’s, JCPenney, Ashley Outlet, Harkins Theatres, and Kohl’s. The property is in the center of a primary retail corridor with national/credit tenants such as a Walmart Supercenter, The Home Depot, Lowe’s Home Improvement, Chipotle, Wells Fargo, Chase Bank, McDonald’s, Arby’s, Dunkin’, Sonic, O’Reilly Auto Parts, Firestone, Circle K, Harbor Freight Tools, Starbucks, Walgreens, Chili’s, AutoZone, Discount Tire, Panda Express, Carl’s Jr, Whataburger, CVS Pharmacy, Big Lots, among others, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 59,800 with an average household income of $90,829.