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McDonald's - El Paso, TX 12363 Pellicano dr 4,285 SF Retail Building El Paso, TX 79928 $3,697,280 CAD ($862.84 CAD/SF) 4.15% 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
•Excellent Access and Visibility – located at the signalized intersection of Joe Battle Blvd and Pellicano Dr with a traffic count excess of 46,000 VPD.
•Joe Battle Blvd is the frontage road for TX Loop 375 which carries over 104,000 VPD
•Densely Populated and Affluent Trade Area - over 14,200 residents within a 1-mile radius with average household incomes exceeding $101,400
• 10% rent increases every 5 years provide a hedge against inflation
• Investment Grade Tenant
•Excellent Access and Visibility – located at the signalized intersection of Joe Battle Blvd and Pellicano Dr with a traffic count excess of 46,000 VPD.
•Joe Battle Blvd is the frontage road for TX Loop 375 which carries over 104,000 VPD
•Densely Populated and Affluent Trade Area - over 14,200 residents within a 1-mile radius with average household incomes exceeding $101,400
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
4,285 SF
Year Built
2023
Price
$3,697,280 CAD
Price Per SF
$862.84 CAD
Cap Rate
4.15%
NOI
$153,472 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.19 AC
Zoning
C-4 C: Commercial - C-4 C: Commercial
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- McDonald's
- Accommodation and Food Services
- 4,285 SF
- -
- Triple Net
- Oct 2043
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| McDonald's | Accommodation and Food Services | 4,285 SF | - | Triple Net | Oct 2043 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | X579-000-3170-0591 | Improvements Assessment | $0 CAD |
| Land Assessment | $2,373 CAD | Total Assessment | $2,373 CAD |
PROPERTY TAXES
Parcel Number
X579-000-3170-0591
Land Assessment
$2,373 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,373 CAD
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McDonald's - El Paso, TX | 12363 Pellicano dr
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