1655 S Valley Dr - Auto Repair FOR SALE


Las Cruces, NM 88005
$2,421,000 USD
949-506-2009
1655 S Valley Dr, Las Cruces, NM for Sale
$2,421,000 USD
Auto Repair - FOR SALE
1/11
null | 6% Cap Rate

1655 S Valley Dr
Las Cruces, NM 88005


HIGHLIGHTS

  • Franchisee Guaranteed Sale-Leaseback | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Walmart Supercenter | Mesilla Valley Shopping Mall | New Mexico State University
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease 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 Las Cruces, New Mexico. The tenant, Take 5 Oil Change will sign a new, 15-year lease at the close of escrow (sale-leaseback) 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.

FOR SALE DETAILS

PRICE

$2,421,000 USD

PRICE/SF

$1,684 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change | Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

C-1

APN/PARCEL ID

4-007-136-092-399

ASK ABOUT THIS PROPERTY

Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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Calvin ShortSRS National Net LeaseMore Info
949-506-2009

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.