El Paso, TX - Take 5 Oil Change (Zaragoza)

Description:

• T5 El Paso Zaragoza Tx 048, LLC, Franchisee guaranteed lease
• The tenant, Take 5 Oil Change, has ±13.8 years remaining on their original lease with with 5 (5-year) option periods to extend
• The lease features 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 Las Palmas Marketplace, a 100,000+ square foot shopping center with many national/credit tenants, including a Lowe’s Home Improvement, Starbucks, Five Below, Burlington, Five Guys, Krispy Kreme, and many more
• The tenant is located on a parcel including a Quick Quack Car wash, and is located adjacent to a Chick-fil-A
• The asset is located in a dense retail corridor with many national/credit tenants, including a Sherwin-Williams, McDonalds, iHop, Arby’s, Sam’s Club, Burlington, Ross, and many more
• Strong tenant synergy promotes crossover shopping to the subject property