12363 Pellicano dr - Freestanding FOR SALE


El Paso, TX 79928
$2,857,000 USD
619-818-5852
12363 Pellicano dr, El Paso, TX for Sale
$2,857,000 USD
Freestanding - FOR SALE
1/11
null | 3.85% Cap Rate

12363 Pellicano dr
El Paso, TX 79928


HIGHLIGHTS

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

OVERVIEW

• 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

FOR SALE DETAILS

PRICE

$2,857,000 USD

PRICE/SF

$667 USD /SF

CAP RATE

3.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

McDonald's - El Paso, TX

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.19 AC

LAND SF

51,836 SF

ZONING

C-4 C: Commercial

APN/PARCEL ID

M700-000-01U2-0700

ASK ABOUT THIS PROPERTY

Robert DonnellSRS Real Estate PartnersMore Info
619-818-5852

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Robert DonnellSRS Real Estate PartnersMore Info
619-818-5852

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.