6819 TX-16 Spur - Auto Repair FOR SALE


El Paso, TX 79835- Westside El Paso
$2,418,000 USD
949-506-2009
6819 TX-16 Spur, El Paso, TX for Sale
$2,418,000 USD
Auto Repair - FOR SALE
1/10

6819 TX-16 Spur
El Paso, TX 79835
Westside El Paso


HIGHLIGHTS

  • 50+ Unit Operator | Options To Extend | Scheduled Rental Increases
  • NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Outlet Shoppes at El Paso | Near West Town Marketplace
  • 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 NNN leased, 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 NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,418,000 USD

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

C4

APN/PARCEL ID

T705-999-0020-0200

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.