Take 5 Oil Change
1655 S Valley Dr, Las Cruces, NM 88005
NNN leased Take 5 Oil Change in Las Cruces, NM.
Type:Retail
Property size:
1,430 SFPrice / SF:
$1,625/SF- Added:
- Mar 21, 2025
- Days on Market:
- 439
- Last Refresh:
- May 12 at 9:30 pm
Property Features for 1655 S Valley Dr
General Information
- Standard status
- Active
- Size
- 1,430 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2023
Listing agent Calvin Short License #01927216
Listing office SRS Real Estate Partners Newport Beach
Listing date Mar 21, 2025
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
HighLights
- Absolute NNN lease with zero landlord responsibilities, providing a management‑free, passive investment.
- New 15‑year lease term with Take 5 Oil Change, demonstrating long‑term commitment.
- Attractive rental increases of 10% every 5 years, hedging against inflation and steadily growing NOI.
- Located at a high‑traffic intersection (I‑10 and State Highway 28) with over 50,100 vehicles passing daily.
- Strategic location across from a Walmart Supercenter and near Mesilla Valley Mall, surrounded by national/credit tenants.
- Strong demographics with a 5‑mile trade area supporting over 104,900 residents and 59,000 employees.
Overview
The property is an absolute NNN leased Take 5 Oil Change investment property in Las Cruces, New Mexico. The tenant, Take 5 Oil Change, will sign a new 15-year lease at the close of escrow with 6 (5-year) options to extend. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period. The lease is absolute NNN with zero landlord responsibilities. The Take 5 Oil Change is located near the signalized intersection of Interstate 10 and State Highway 28, which combine to average over 50,100 vehicles passing by daily. It is located across from a Walmart Supercenter that also features national tenants including Starbucks, Subway, and Cracker Barrel. The asset is approximately 2.5 miles from Mesilla Valley Mall, which features tenants such as Dillard’s, JCPenney, Barnes and Noble, Ulta, and Verizon. The property is in the center of a primary retail corridor with other nearby tenants including a Sprouts, PetSmart, Crunch Fitness, Best Buy, McDonald’s, and Texas Roadhouse. The site is approximately 2 miles from New Mexico State University which has over 13,900 students. The 5-mile trade area is supported by a population of over 104,900 residents and 59,000 employees with an average household income of $73,701. The building size is 1430 square feet.
Property Profile
Location Intelligence
Current Use by Public Records
Take 5 Oil ...
Auto Repair Shop
Similar Places Nearby
- Penske Truck Rental — 2001 S Valley Dr, Las Cruces, NM 88005
- United Rentals — 1401 Avenida de Mesilla, Las Cruces, NM 88005
- Adams Rental & Storage — 2001 S Valley Dr, Las Cruces, NM 88005
- U-Haul Neighborhood Dealer — 2600 Lakeside Dr, Las Cruces, NM 88005
- Hertz Car Rental - Las Cruces - Ramada Palms Inn HLE — 201 E University Ave, Las Cruces, NM 88005
Location Insight
- Map
- Local Demand
- City
- Las Cruces
- County
- Dona Ana
- State
- New Mexico
- Longitude
- -106.7827773
- Latitude
- 32.2902905
Nearby Similar for Sale
FAQs
What type of property is this?
Automotive property - NNN leased Take 5 Oil Change in Las Cruces, NM.
Where is this automotive property located?
The property is located at 1655 S Valley Dr Las Cruces, NM.
What is the asking price?
The asking price for this property is $2,324,000.
What are key features of this property?
This property features: Absolute NNN lease with zero landlord responsibilities, providing a management‑free, passive investment.; New 15‑year lease term with Take 5 Oil Change, demonstrating long‑term commitment.; Attractive rental increases of 10% every 5 years, hedging against inflation and steadily growing NOI.
