Rio Rancho, NM - Take 5 Oil Change

Description:

• The tenant has approximately 13+ years remaining with 5 (5-year) opions to extend, demonstrating their commitment to the site
• The lease features a 10% rental increase in year 11, and 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation

• The subject property is located within walking distance to a 42,000+ square foot Walmart Neighborhood Market and a Smith’s grocery store-anchored shopping center, which also features national tenants such as McDonald’s, Dollar Tree, UPS, and more
• The property is in the center of a primary retail corridor with other nearby national/credit tenants including Target, Albertson’s, Planet Fitness, Raising Cane’s, Chick-fil-A, Starbucks, Dollar General, and more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site