12367 Pellicano Dr El Paso, TX 79928
Property profile & analytics
12367 Pellicano Dr, El Paso, TX 79928
- Retail properties & Spaces
- 2,283 SF
- 0.86 lot acres
Location Intelligence
Current Use by Public Records
- Retail properties & Spaces
Property Details for 12367 Pellicano Dr
- Year built
- 2024
- Lot size
- 0.86 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a brand-new, 2,283 square foot Taco Bell restaurant in El Paso, Texas. Located at 12367 Pellicano Dr, this single-tenant property boasts a 20-year net lease (NNN) with four 5-year options, commencing October 1, 2024, and expiring October 31, 2044. The lease includes a corporate guarantee from Yum! Brands, Inc., providing significant financial stability. The property features a strong 4.40% cap rate and a substantial net operating income (NOI) of $80,000 annually. Rent increases of 10% every five years offer inflation protection. Situated on a 0.86-acre lot with 27 parking spaces, the property benefits from excellent visibility at a signalized intersection with over 46,000 vehicles per day. The location is part of the Monteverde mixed-use development in a densely populated area with an average household income exceeding $104,800, projected to rise above $120,400 by 2029. The property is zoned C-4 Commercial and is situated near major roadways, schools, and a hospital, further enhancing its appeal. This is a ground lease with 20 years remaining. The asking price is $1,818,181, representing a price per square foot of $796.40. This is a 1031 exchange eligible property. The building was constructed and renovated in 2024.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- El Paso
- County
- El Paso
- State
- Texas
- Longitude
- -106.262
- Latitude
- 31.7268
