6810 Spur Dr El Paso, TX 79932

This exceptional investment opportunity presents a brand-new, 1,438 square foot auto shop in El Paso, Texas. Built in 2023, the property boasts a 15-year absolute triple-net (NNN) lease with a prominent franchisee tenant, ensuring zero landlord responsibilities. The lease includes a 10% rent increase every five years, generating a 6.00% cap rate based on the $2,418,000 asking price and a current NOI of $145,076. Situated on a 0.65-acre lot with eight parking spaces, the property enjoys excellent visibility and accessibility from TX-16 Spur Highway/Woodrow Bean Transmountain Drive, a major thoroughfare with 20,900 vehicles per day. Its strategic location near the Outlet Shoppes at El Paso, a large shopping center, and other significant retail and commercial establishments, ensures high traffic and customer visibility. The tenant, a rapidly expanding oil change franchise with over 850 locations and plans for significant future growth, provides a strong and stable income stream. The property's proximity to major roadways and a high school further enhances its appeal. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with significant long-term growth potential in a thriving Texas market. The property includes six, five-year lease options.