1655 Valley Dr Las Cruces, NM 88005

This exceptional investment opportunity presents a fee-simple ownership (land and building) of a 1,430 square foot Take 5 Oil Change in Las Cruces, New Mexico. The property boasts a new 15-year absolute NNN lease with a franchisee tenant, featuring six 5-year renewal options. Rent increases by 10% every five years, ensuring consistent NOI growth and inflation protection. The property, built in 2023, sits on a 0.39-acre lot with seven parking spaces and is zoned C-1: Commercial Low Intensity. The strong location at 1655 S Valley Dr, Las Cruces, NM 88005, benefits from high visibility near Interstate 10 and State Highway 28, averaging over 50,100 vehicles daily. Its proximity to a Walmart Supercenter, Mesilla Valley Mall, and New Mexico State University provides exceptional access to a substantial consumer base. The 5-mile trade area boasts over 104,900 residents and 59,000 employees, with an average household income of $73,701. The property's current NOI is $145,250, resulting in a 6.00% cap rate and an asking price of $2,421,000. This is a truly passive investment opportunity with zero landlord responsibilities, offering significant long-term returns. The property's APN is 4-007-136-092-399.