Corporate NNN Ground Lease
For Sale
Contact for pricing
675 Sunland Park Drive, El Paso, TX 79912
2024-built Raising Cane’s restaurant with dual drive-thru lanes, covered patio, and indoor dining under an absolute NNN lease.
Property Size2,899 SF
Price / SF$1,509
Days on Market29
Property Features for 675 Sunland Park Drive
General Information
Standard status
Active
Size
2,899 SF
Class
A
Total Parking Spaces
46
Property subtype
Retail
Zoning
C-3
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$175,000
Building Details
Year Built
2024
Tenancy
Single
Listing Agency:
CBRE - South Bay
(210) 253-6035
Listed By:
Patrick Wade · License #CA 01454690
Source:
Crexi
Added: Aug 4
Changed: Aug 14
Last Checked: Aug 31 at 10:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - South Bay
Investment Insights
Based on property information with market context.
This NNN property is improved with a 2024-vintage Raising Cane’s restaurant at 675 Sunland Park Drive. The building includes a double drive-thru, covered patio, and indoor dining room. Construction and improvements were completed at the tenant’s sole cost and expense, while the absolute NNN structure places responsibility for taxes, insurance, CAM, parking lot, roof, structure, and maintenance with the tenant.
The lease began February 20, 2024, and has a 15-year primary term ending February 28, 2039. Five five-year renewal options extend the potential lease structure through February 2064, with 10% rent escalations every five years during the primary term and at each option commencement. The property is zoned C-3 and includes the leased fee interest, representing ownership of the underlying land.
The lease began February 20, 2024, and has a 15-year primary term ending February 28, 2039. Five five-year renewal options extend the potential lease structure through February 2064, with 10% rent escalations every five years during the primary term and at each option commencement. The property is zoned C-3 and includes the leased fee interest, representing ownership of the underlying land.
Key Highlights
- 2024‑vintage Raising Cane’s restaurant at 675 Sunland Park Drive, El Paso, Texas
- Absolute NNN ground lease with tenant responsibility for taxes, insurance, CAM, roof, structure, and maintenance
- Double drive‑thru, covered patio, and indoor dining room
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
928
Businesses Nearby
761k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 31%
Shops & Services 22%
Dining 20%
Superstores 16%
Target
Superstores
119,062 visits/mo
0.4 miles
Dillard's
Apparel
54,220 visits/mo
0.3 miles
Academy Sports + Outdoors
Apparel
50,049 visits/mo
0.1 miles
Marshalls
Apparel
37,776 visits/mo
0.3 miles
Olive Garden
Dining
32,361 visits/mo
0.3 miles
Demographics for 79912, TX
78,652
Population
33,856
Households
2.3
Avg Household Size
37
Median Age
49%
College-Educated
91%
High-School Grad
23.7 sq mi
ZIP Area
3,319
Density / Sq Mi
$72,290
Median Household Income
$39,330
Median Earnings
$1,191
Median Rent
$248,400
Median Home Value
Market
Vacancy Rate% for Retail in El Paso, TX
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - 2024-built Raising Cane’s restaurant with dual drive-thru lanes, covered patio, and indoor dining under an absolute NNN lease.
Where is this nnn property located?
The property is located at 675 Sunland Park Drive El Paso, TX.
What is the asking price?
The asking price for this property is $4,375,000.
What are key features of this property?
This property features: 2024‑vintage Raising Cane’s restaurant at 675 Sunland Park Drive, El Paso, Texas; Absolute NNN ground lease with tenant responsibility for taxes, insurance, CAM, roof, structure, and maintenance; Double drive‑thru, covered patio, and indoor dining room
