601 Whitney Ranch Drive - Auto Repair FOR SALE


Henderson, NV 89014- Whitney Ranch
$2,870,000 USD
702-482-9675
601 Whitney Ranch Drive, Henderson, NV for Sale
$2,870,000 USD
Auto Repair - FOR SALE
1/8
null | 5.75% Cap Rate

601 Whitney Ranch Drive
Henderson, NV 89014
Whitney Ranch


OVERVIEW

Single-tenant Take 5 Oil Change, offering a brand-new 15-year absolute triple-net (NNN) lease with 10% rental increases every 5 years. » Driven Brands (Nasdaq: DRVN), the parent company of Take 5 Oil Change, is the largest automotive services company in North America with approximately 5,000 brand locations and $6.3 billion in system wide sales (Source: drivenbrands.com). » MEQT5, the operator, currently has ±7 locations with plans to open more than 60 locations. MEQT5’s territories include the Las Vegas MSA, Orange County, and East Los Angeles. MEQT5 is a subsidiary of Mass Equities, Inc (MEQ), which is a private-equity real estate firm. MEQ’s principals have been involved in over $14B of transactions. » The Property is located on the hard corner of W Sunset Rd (±32,000 VPD) and Whitney Ranch Rd (±8,600 VPD) (Source: NDOT). » The Property is minutes away from Galleria At Sunset, a ±1.1M SF shopping center with ±115 retailers and ±3.81 million annual visitors. Nearby national retailers include Target, Costco, Nordstrom Rack, Dick’s Sporting Goods, Sprout’s, Macy’s, Dillard’s, Kohl’s, Total Wine, Ross Dress for Less, and many more. » Sunset Station Hotel & Casino (±457 rooms) and Green Valley High School (±2,603 students) are located ±5 minutes away from the Property (Source: US News). » This location boasts strong demographics with a dense population of ±153,652 and a healthy average household income of ±$98,445 in a 3-mile radius (Source: Esri).

FOR SALE DETAILS

PRICE

$2,870,000 USD

PRICE/SF

$2,004 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

CC

APN/PARCEL ID

178-04-614-006

ASK ABOUT THIS PROPERTY

Roy FritzCBREMore Info
702-482-9675

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Roy FritzCBREMore Info
702-482-9675

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