Sahuarita, 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 Sahuarita, Arizona. The tenant, 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 a passive investor.

The Take 5 is located near the signalized, hard corner intersection of West Duval Mine Road and Interstate 19, combining to average over 60,200 vehicles passing by daily. West Duval Mine Road, is a major retail thoroughfare serving the city of Sahuarita. The Take 5 is directly ajacent to Sahuarita Palms Plaza, a 100,000+ square foot shopping mall anchored by safeway and features other national/credit tenants including Papa Johns Pizza, Starbucks, Papa Murphys, and a Safeway Fuel. The asset is located less than a mile from a Ross and Petco anchored plaza that also features national/credit tenants including a Dollar Tree, Dutch Bros, Culver’s, Popeyes, Denny’s, and Pizza Hut, among others. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a MOD Pizza, T.J. Maxx, Starbucks, Chipotle, Sprouts Farmers Market, Walmart Supercenter, Jersey Mikes, Taco Bell, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 43,315 and 8,480 employees with an average household income of $98,698.