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McDonald's - El Paso, TX 12363 Pellicano dr

4,285 SF Retail Building El Paso, TX 79928 $2,857,000 ($667/SF) 3.85% Cap Rate

Investment Highlights

  • Excellent Access / Visibility – located at the signalized intersection of Joe Battle Blvd (US 375), a highly trafficked north-south retail corridor
  • McDonald’s is situated in a new ~30-acre mixed-use development, Monteverde, on the rapidly growing East side of El Paso
  • El Paso is in the midst of a record-setting warehouse and distribution construction boom with over 5 million SF of industrial space under construction
  • Densely Populated and Affluent Trade Area – over 79,000 residents within 3 miles with an average household income over $89,000
  • Monteverde’s anchor tenant, Alamo Drafthouse Cinema is ranked 1st in visits of all Alamo Drafthouse locations in Texas by placer.ai
  • ½ mile east of Americas High School (~2,450 students)

Executive Summary

• Brand-New Construction - 20-year Ground Lease with eight five-year Options
• 10% rent increases every 5 years provide a hedge against inflation
• Investment Grade Tenant

Property Facts

Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,285 SF
Year Built
2023
Price
$2,857,000
Price Per SF
$667
Cap Rate
3.85%
NOI
$110,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Land Acres
1.19 AC
Zoning
C-4 C: Commercial - C-4 C: Commercial

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • McDonald's
  • Accommodation and Food Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
McDonald's Accommodation and Food Services 99,999 SF - Lorem Ipsum Jan 0000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
M700-000-U201-0800
Land Assessment
$172,269
Improvements Assessment
$1,266,442
Total Assessment
$1,438,711
  • Listing ID: 31128276

  • Date on Market: 3/5/2024

  • Last Updated:

  • Address: 12363 Pellicano dr, El Paso, TX 79928

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