For Sale
$2,421,000

1655 Valley DrLas Cruces, NM 88005

NNN Leased Auto Shop, Strong ROI

Overview

Added:
Feb 13
Days on market:
51
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.

Highlights

  • $2,421,000 asking price for a fee-simple interest (land & building) in a Take 5 Oil Change.
  • Absolute NNN net lease with a 15-year term and six 5-year renewal options.
  • Franchisee tenant with a 10% rent increase every 5 years.
  • 6.00% cap rate and $145,250 NOI.
  • 1,430 square foot building on a 0.39-acre lot with 7 parking spaces, built in 2023.

Property Details for 1655 Valley Dr

Property type
Retail properties, Auto shops
Year Built
2023
Lot Size (sq. ft)
16,988 SF

Location Insight

City
Las Cruces
County
Doña Ana
State
New Mexico
Latitude
32.290427
Longitude
-106.7828636
1655 Valley Dr, Las Cruces, New Mexico

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1655 Valley Dr
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