12363 Pellicano Dr El Paso, TX 79928
- Retail properties
- 4,285 SF
- 1.19 lot acres
Current Use by Public Records
- McDonald's / Fast Food Restaurant / Breakfast Restaurant
Property Details for 12363 Pellicano Dr
- Year built
- 2023
- Lot size
- 1.19 lot acres
- Property size
- 4,285 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a brand-new, 4,285 square foot McDonald's restaurant in El Paso, Texas. Located at the signalized intersection of Joe Battle Blvd (US 375) and Pellicano Drive, this property boasts exceptional visibility and access to 45,000 vehicles daily. The property sits on a 1.19-acre lot within the new Monteverde mixed-use development, anchored by Alamo Drafthouse Cinema. This absolute NNN ground lease offers a 20-year term commencing October 1, 2023, with eight 5-year options and a 10% rent increase every five years. The property benefits from a densely populated and affluent trade area, with over 79,000 residents within a 3-mile radius and an average household income exceeding $89,000, projected to reach over $102,000 by 2028. The strong tenant, McDonald's, provides an investment-grade lease with a current NOI of $110,000 and a 3.85% cap rate. The asking price is $2,857,000 ($666.74/sq ft). The property is zoned C-4 Commercial and features a 100% occupancy rate. Proximity to major roadways, schools, a hospital, and an Amazon fulfillment center further enhances its value. This is a rare opportunity to acquire a high-performing, tax-free investment in a rapidly growing market. The ground lease expires October 1, 2043, offering long-term stability and significant appreciation potential. This property is a compelling investment for those seeking strong returns and long-term growth.
Value Estimation
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Location Insight
- Map
- Local Demand
- City
- El Paso
- County
- El Paso
- State
- Texas
- Longitude
- -106.263
- Latitude
- 31.7267
