Take 5 Oil Change

6810 TX-16 Spur, El Paso, TX 79932

$2,418,000

Cap Rate 6.00%

Views: 157 DOM: 347 Updated: 09.05.24 Posted: 01.10.24 Status: Active

Summary

Price $2,418,000	Built/Renov 2023	Tenant Take 5 Oil Change
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 1,438	Lease Start 06-01-2024	#Units 56
Price/SF $1,681.50	Expiration 05-31-2039	Tenant Type Automotive
NOI $145,076	R. Term 14.5	Ownership Fee Simple
Rent/SF $100.89	Increases 10.0%/5/yrs	Pop 5Mi 105,097
Lot/AC 0.65	Options 6/5yrs/10%	AHHI 5Mi $109,740

Lease Highlights

Brand-new, state-of-the-art, 2023 construction
Take 5 Oil Change will be executing a brand new 15-year lease with 6 (5-year) options to extend at 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 TX-16 Spur Hwy/Woodrow Bean Transmountain Dr, with access to 20,900 vehicles passing by daily. The location offers visibility from I-10, boasting a substantial traffic count of 66,000 VPD. Additionally, the property is adjacent to the newly constructed Popeyes restaurant. Moreover, it is within walking distance of The Outlet Shoppes at El Paso, the...

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Key Features

New construction
Freeway visibility
Highway location
Top 100 MSA
Income tax free state
Brand new lease
Long 15+ yr lease
Absolute NNN
Personal guarantee
50+ unit franchisee backed

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Links

Take 5 Oil Change Wikipedia El Paso, Texas Zip Code 79932 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 :	3,758	37,696	188,474
2023 Total Population :	3,732	37,406	186,678
2023 Employed Civilian Pop :	415	11,986	66,977
2023 Total Businesses :	106	2,198	6,035
2023 Average Household Income :	$ 74,865	$ 65,987	$ 60,010
2023 Total Consumer Spending :	$ 64 M	$ 755 M	$ 3712 M
2023 Median Age :	23	30	34
2023 Total Households :	978	12,999	69,964
2023 Pop Age 25+: Bachelor's Degree :	371	4,800	18,331
2023 Average Home Value :	$ 0	$ 179,174	$ 174,148

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Founders Blvd	State Spur 601	2002	7,820	0.21 mi
Founders Boulevard	Founders Blvd	2020	5,996	0.28 mi
Liberty Expressway	State Spur 601	2021	42,673	0.28 mi
Founders Blvd	Concord St	2002	14,150	0.55 mi
Founders Blvd	Founders Bl	2002	5,758	0.57 mi
Butterfield Trail Blvd	Airport Rd	2004	6,414	0.60 mi
Airport Rd	Butterfield TrlBlvd	2004	24,468	0.61 mi
Founders Blvd	Spur Dr	2002	776	0.63 mi
Airport Rd	Airport Dr	2002	14,200	0.65 mi
Leigh Fisher Blvd	Airport Rd	2002	2,890	0.79 mi

Listing Broker

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
30181 Views
21 Sold

Calvin Short

Berkeley Capital Advisors

Contact

187 Listings
31319 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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