Auto Parts

Lube X-Press (Absolute Net)

1900 Amy Sue Dr, El Paso, TX 79936

Listing Price: $1,056,000

Cap Rate
6.25%
Tenant Name
Lube X-Press
Years Remaining On Lease
9.7
Gross SF
3,959
Guarantor
Corporate Guarantee
Rentable SF
3,959
Price/Gross SF
$266.73
Lease Type
Absolute Net
Rent Per Square Feet
$16.67

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Lube X-Press in El Paso, Texas. The property consists of a 3,959-square foot, freestanding building that sits on approximately 0.69 acres of land. It it an outparcel in a new development, which will include an Anytime Fitness retail center and a 3,960-square foot retail building. There are approximately 10 years remaining on the current lease term, with a nine percent rental escalation scheduled in five years. The property is located near the signalized intersection of Montwood Drive and Lee Trevino Drive, where combined traffic counts exceed 56,272 vehicles per day. The area is extremely dense with more than 288,448 residents within a five-mile radius. Surrounding retailers in the immediate area include Lowe’s Big 8 Food Store, Goodwill, McDonald’s, Starbucks, Arby’s, Carl’s Jr., Walgreens, Wienerschnitzel, Burger King, Little Caesars Pizza, Schlotzsky’s and many more. Lube X-Press operates five locations across the El Paso MSA, with several more locations in development. The company specializes in quick oil changes and state inspections in a clean, friendly environment. The facilities also offer transmission, coolant and power steering flushes.

Investment Highlights

  • New 10-Year Absolute Net Lease a Nine Percent Rental Escalations Scheduled in Five Years
  • Near Signalized Intersection of Montwood Drive and Lee Trevino Drive (Traffic Counts Exceed 56,272 VPD)
  • 2020 Construction - Outparcel in a New Anytime Fitness-Anchored Retail Development
  • Dense Infill Location - More than 288,448 Residents Within a Five-Mile Radius
  • Eleven Miles From the Bridge of the America's, El Paso's Highest Volume Border Crossing (More Than 26.3 Million Border Crossings in 2019)

Exclusively Listed By

Auto Parts

Lube X-Press (Absolute Net)

Listing Price: $1,056,000

Cap Rate
6.25%
Tenant Name
Lube X-Press
Years Remaining On Lease
9.7
Gross SF
3,959
Guarantor
Corporate Guarantee
Rentable SF
3,959
Price/Gross SF
$266.73
Lease Type
Absolute Net
Rent Per Square Feet
$16.67

Investment Highlights

  • New 10-Year Absolute Net Lease a Nine Percent Rental Escalations Scheduled in Five Years
  • Near Signalized Intersection of Montwood Drive and Lee Trevino Drive (Traffic Counts Exceed 56,272 VPD)
  • 2020 Construction - Outparcel in a New Anytime Fitness-Anchored Retail Development
  • Dense Infill Location - More than 288,448 Residents Within a Five-Mile Radius
  • Eleven Miles From the Bridge of the America's, El Paso's Highest Volume Border Crossing (More Than 26.3 Million Border Crossings in 2019)

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease Lube X-Press in El Paso, Texas. The property consists of a 3,959-square foot, freestanding building that sits on approximately 0.69 acres of land. It it an outparcel in a new development, which will include an Anytime Fitness retail center and a 3,960-square foot retail building. There are approximately 10 years remaining on the current lease term, with a nine percent rental escalation scheduled in five years. The property is located near the signalized intersection of Montwood Drive and Lee Trevino Drive, where combined traffic counts exceed 56,272 vehicles per day. The area is extremely dense with more than 288,448 residents within a five-mile radius. Surrounding retailers in the immediate area include Lowe’s Big 8 Food Store, Goodwill, McDonald’s, Starbucks, Arby’s, Carl’s Jr., Walgreens, Wienerschnitzel, Burger King, Little Caesars Pizza, Schlotzsky’s and many more. Lube X-Press operates five locations across the El Paso MSA, with several more locations in development. The company specializes in quick oil changes and state inspections in a clean, friendly environment. The facilities also offer transmission, coolant and power steering flushes.

Exclusively Listed By

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