- 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
Investment Offering
El Paso, TX - Take 5 Oil Change (Zaragoza)
1341 N Zaragoza Rd | El Paso, TX 79936
$1,615,000
Price6.5%
Cap Rate$105,000
NOI1,315
± SF Offering GLADescription
Location
- 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
Documents & Links
| View | ||
|---|---|---|
 Download Flyer |  |  |
Contact
Matthew Mousavi
Sr Managing Principal & Co-Head of National Net Lease
949.698.1116949.698.1116[email protected]CA #: 01732226
Patrick Luther, CCIM
Sr Managing Principal & Co-Head of National Net Lease
949.698.1115949.698.1115[email protected]CA #: 01912215
Patrick Nutt
Sr Managing Principal & Co-Head of National Net Lease
954.302.7365954.302.7365[email protected]FL #: BK3120739