5857 Waycross Ave - Freestanding FOR SALE


El Paso, TX 79924- Dolphin
$2,823,000 USD
480-221-4221
5857 Waycross Ave, El Paso, TX for Sale
$2,823,000 USD
Freestanding - FOR SALE
1/7
null | 6% Cap Rate

5857 Waycross Ave
El Paso, TX 79924
Dolphin


HIGHLIGHTS

  • Credit Tenant | Options To Extend | Scheduled Rental Increases
  • NNN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
  • El Paso Shopping Center | Fort Bliss | Dense Retail Corridor
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, Loomis investment property located in El Paso, Texas. The tenant, Loomis, has 6 years of initial term remaining with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and fair market value increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal, low management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$2,823,000 USD

PRICE/SF

$127 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Loomis

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Distribution, Warehouse, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

78

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,806 SF

ZONING

Commercial

APN/PARCEL ID

S554-999-0010-8100

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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