Brand-New Construction, 20-year NNN Ground Lease with four five-year options
10% rent increases every 5 years provide a hedge against inflation
Strong Corporate Tenant – the corporate lease is backed by Yum Brands Inc., a globally recognized tenant with over 59,000 locations and a BB+/Ba2 credit rating from S&P and Moody’s
Excellent Access and Visibility – located at the signalized intersection of Joe Battle Blvd and Pellicano Drive with a combined traffic count of over 46,000 VPD. Joe Battle Blvd is the frontage road for TX Loop 375 which carries over 104,100 VPD.
Densely Populated and Affluent Trade Area with over 12,300 residents within a 1-mile with an average household income over $104,800, projected to increase to over $120,400 by 2029
Taco Bell 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—ranked first in visits among all Texas Alamo Drafthouse locations, according to Placer.ai—will serve as a key driver of retail traffic, expected to increase as the surrounding area develops.
Sony’s acquisition of Alamo Drafthouse from Altamont Capital Partners, Fortress Investment Group, and founder Tim League aligns with its strategy to expand into the experiential entertainment space.
The El Paso area is in the midst of a record-setting warehouse and distribution construction boom of huge, multimillion-dollar warehouse/distribution buildings. The boom is mostly fueled by the growing manufacturing industry across the border in Juárez.
½ mile east of Americas High School (~2,450 students)
1 mile south of University Medical Center of El Paso, an acute care teaching hospital with 354 patient beds and home to the region’s only Level 1 trauma center
4 miles north of a new Amazon Fulfillment Center, a 5-story facility completed in 2021 with over 2.6 million square feet and approximately 700 employees, one of the company’s largest in the US
Income Tax-Free State – Texas in an income tax free state