12367 Pellicano Dr El Paso, TX 79928
New construction restaurant with long-term lease and rent escalations.
Property size:
2,283 SFLot size:
1.18 AcresProperty Features for 12367 Pellicano Dr
General Information
- Size
- 2,283 SF
- Lot size
- 1.18 Acres
Source:
Moodyscre
Listing Agent: Chuck Klein
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
New Restaurant on Pellicano Drive
This is a newly constructed restaurant property featuring a 20-year NNN ground lease with four five-year options. The lease includes 10% rent increases every 5 years. The property is leased to a strong corporate tenant, backed by Yum Brands Inc., a globally recognized entity with over 59,000 locations and a BB+/Ba2 credit rating from S&P and Moody’s. The property benefits from excellent access and visibility, situated at the signalized intersection of Joe Battle Blvd and Pellicano Drive, with a combined traffic count exceeding 46,000 vehicles per day. Joe Battle Blvd serves as the frontage road for TX Loop 375, which carries over 104,100 vehicles per day. The property is located in Texas, an income tax-free state. The property size is 2,283 square feet.
Location Intelligence
Current Use by Public Records
Drive through restaurants
Location Insight
- Map
- Local Demand
- City
- El Paso
- County
- El Paso
- State
- Texas
- Longitude
- -106.258192
- Latitude
- 31.723482
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FAQs
What type of property is this?
Drive through restaurant - New construction restaurant with long-term lease and rent escalations.
Where is this drive through restaurant located?
The property is located at 12367 Pellicano Dr El Paso, TX.
What is the asking price?
The asking price for this property is $1,818,181.
What are key features of this property?
This property features: - Strong Corporate Tenant: Lease is backed by Yum Brands Inc. (BB+/Ba2 credit rating); - Brand-New Construction: Features a 20-year NNN Ground Lease with four five-year options; - Excellent Access and Visibility: Located at a signalized intersection with high traffic counts (46,000+ VPD)