Tucson, AZ - Take 5 Oil Change (Valencia Rd)

Description:

• Newly executed 15-year lease with five (5) five-year option periods to extend.
• Lease guaranteed by T5 West Operations, LLC, which encompasses 25+ locations across the western U.S. under the Take 5 Oil Change brand.
• Operator and its affiliated entities currently manage 45+ Take 5 Oil Change locations, demonstrating a proven operational track record.
• 10% rental increases every five years during the initial term and at the start of each renewal period, providing built-in NOI growth and a hedge against inflation.

The Take 5 is located near the signalized, hard corner intersection of West Valencia Road and South Midvale Park Road, combining to average over 55,400 vehicles passing daily. West Valencia Road is a major retail corridor serving southwest Tucson. The property is surrounded by a dense mix of national retailers and shopping centers including Walmart Supercenter, Tractor Supply Co., Harbor Freight Tools, dd’s Discounts, Dollar Tree, GameStop, Fry’s Food & Drug, Lowe’s, Walgreens, IHOP, Culver’s, CVS, Dutch Bros, Pizza Hut, Raising Cane’s, Burger King, Dunkin’, Taco Bell, and Bank of America. The property is less than two miles from Tucson Spectrum, a 1,000,000+ square foot regional power center featuring Target, Best Buy, Hobby Lobby, Marshalls, Old Navy, Ross, Burlington, and Harkins Theatres. The 5-mile trade area is supported by a population of over 130,000 residents and 72,000 employees, with an average household income of $73,000.

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Listing ID: a28TP000001lSDBYA2