Take 5 Oil Change

1655 South Valley Drive, Las Cruces, NM 88005

$2,421,000

Cap Rate 6.00%

Views: 102 DOM: 318 Updated: 09.05.24 Posted: 01.10.24 Status: Active

Summary

Price $2,421,000	Built/Renov 2022	Tenant Take 5 Oil Change
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 1,430	Lease Start 06-01-2024	#Units 56
Price/SF $1,693.01	Expiration 05-31-2039	Tenant Type Automotive
NOI $145,250	R. Term 14.6	Ownership Fee Simple
Rent/SF $101.57	Increases 10.0%/5/yrs	Pop 5Mi 105,127
Lot/AC 0.39	Options 6/5yrs/10%	AHHI 5Mi $72,807

Lease Highlights

Brand-new 2022 state-of-the-art construction
Take 5 Oil Change will be executing a brand new 15-year lease with 6 (5-year) options to extend upon close of escrow
Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option
Absolute NNN | Zero landlord responsibilities
Lease guaranteed by T5 West Operations, LLC | High-growth operator

Location Description

Take 5 Oil Change is strategically located on Valley Dr., with access to 14,400 vehicles passing by daily. Its prime location is further enhanced by its direct proximity to a Walmart Supercenter-anchored shopping center, featuring national tenants such as Starbucks, Cracker Barrel, Subway, and more. Additionally, the property is just one block away from Borman Autoplex, hosting dealerships for...

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Key Features

New construction
Build to suit
Near major nationals
Freeway close
Dense 100M+ pop 5 mi
Top 100 MSA
Long 15+ yr lease
Accelerated depreciation
Traded and rated company
Personal guarantee

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Links

Take 5 Oil Change Wikipedia Las Cruces, New Mexico Zip Code 88005 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Take 5 Oil Change
Guarantor:Franchisee
Company:T5 West Operations, LLC
# Units:56
Tenant S&P: B+
Moody’s: B3
Stock: NASDAQ: DRVN

About Tenant

Established in 1984, Take 5 Oil Change is an industry-leading quick lube service featuring a unique drive-thru concept that allows customers to never leave the comfort of their car. The brand...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	5,463	66,070	106,523
2023 Total Population :	5,409	65,543	105,127
2023 Employed Civilian Pop :	1,753	25,995	42,656
2023 Total Businesses :	638	3,047	3,816
2023 Average Household Income :	$ 60,423	$ 58,429	$ 72,807
2023 Total Consumer Spending :	$ 132 M	$ 1401 M	$ 2775 M
2023 Median Age :	38	32	35
2023 Total Households :	2,489	27,342	43,736
2023 Pop Age 25+: Bachelor's Degree :	626	7,099	13,732
2023 Average Home Value :	$ 225,105	$ 206,516	$ 243,846

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Boutz Rd	W Boutz Rd	2003	6,003	0.15 mi
Boutz Road	Boutz Pl	2022	9,370	0.24 mi
West Boutz Road	I- 10	2022	3,846	0.25 mi
South Valley Drive	S Valley Dr	2022	7,885	0.27 mi
Avenida de Mesilla		2018	10,874	0.28 mi
South Valley Drive		2018	21,223	0.31 mi
W Boutz Rd	I- 10	2003	3,827	0.32 mi
	I- 10	2022	2,903	0.33 mi
Avenida de Mesilla	Hickory Dr	2022	10,423	0.34 mi
NM 28	Roberts Dr	2022	14,992	0.34 mi

Listing Broker

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
27658 Views
21 Sold

Calvin Short

Berkeley Capital Advisors

Contact

187 Listings
28673 Views
23 Sold

Aron Cline

Specializing in Single Tenant Net Lease and Shopping Centers, Aron Cline leads Berkeley Capital Advisors’ West Coast Office. Since 2011, Aron has been actively engaged in the commercial real estate space. Over the last decade, he and his team have been regarded as one of the most active brokerage teams in the country - having brokered over 1,300 transactions totaling $3.5 billion. His dedication and success have earned him the trust of some of the country’s top institutions, developers, high ne

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Calvin Short

Calvin Short joined Berkeley Capital Advisors in 2021 and leads the West Coast capital markets group. Since joining Berkeley, Calvin has been a part of closing 1,400 separate transactions with $4 billion in sales volume. Prior to Berkeley, Calvin served as Senior Vice President at Matthews REIS where he was consistently ranked within Matthews’ top five producing agents. In 2012, he graduated from The University of San Diego with a B.A. in Real Estate Finance. Calvin has spent the past 10 years

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