El Paso, TX - Take 5 Oil Change (Sunland Park)

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, Take 5 investment property located in El Paso, Texas. The tenant, T5 West Operations, LLC will sign a brand-new, 15-year lease at Close of Escrow 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 lease is guaranteed by T5 West Operation, LLC (24+ Units). The franchisee operates a total of 55+ units.

The property benefits from excellent visibility and direct on/off ramp access from Interstate-10, a heavily trafficked highway supporting 132,900 vehicles passing daily. It is located across from three top-performing shopping centers—Sunland Plaza, Shoppes at Solana, and Sunland Towne Center—combined attracting over 10 million annual visits, according to Placer.ai. These centers host national retailers such as Target, Best Buy, Marshalls, Dick’s Sporting Goods, Dillard’s, TruFit Athletic Club, Olive Garden, Jungle Reef Aquarium, Raising Cane’s, Ross, and Sprouts Market. Additional nearby retailers include Academy Sports + Outdoors, Walmart, Home Depot, Whole Foods, Albertsons, and Sam’s Club, further promoting crossover retail exposure and consumer traffic to the site. The location also has a direct consumer base, with six hotels within walking distance, including the Holiday Inn, Hilton, and Best Western, totaling 502 hotel beds. It is in close proximity to the Sunland Park Racetrack & Casino, which generates $56 million in annual revenue. Furthermore, within a one-mile radius, there are several multi-family and apartment communities, such as the Retreat at Mesa Hills (752 units), Machuca Apartments (126 units), and West Town Apartments (192 units), providing a consistent consumer base to support the area. The surrounding 5-mile trade area is supported by a dense population of 139,800 residents and 57,000 employees with an average household income of $102,999.