Current Use by Public Records
- Lifestyle centers
Property Details for 12316 Eastlake Blvd
- Year built
- 2024
- Lot size
- 1.14 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a brand-new, 15-year absolute NNN ground lease with Valvoline, a credit-rated national tenant with a corporate guarantee. Located on a 1.14-acre lot at 12316 Eastlake Blvd, El Paso, TX 79928, this 2,080 square foot auto shop is situated in a high-growth area with over 33,000 vehicles passing daily. The property boasts 11 parking spaces and benefits from excellent visibility and access on Eastlake Blvd, less than a mile from Interstate 10. The lease commenced October 22, 2024, and expires October 31, 2039, with three, 5-year renewal options and 10% rent increases every five years. The current Net Operating Income (NOI) is $125,000, resulting in a 5.30% cap rate. The property's strategic location is proximate to major retailers, including a newly developed shopping center, a large Amazon fulfillment center, and a proposed medical campus. This presents a strong, stable investment with significant upside potential due to the area's continued growth and the tenant's robust financial standing. The property was built in 2024 and enjoys 100% occupancy. The average household income within a one-mile radius exceeds $109,000. This is a rare opportunity to acquire a high-performing, low-maintenance net lease investment in a thriving Texas market.
Value Estimations
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- El Paso
- County
- El Paso
- State
- Texas
- Longitude
- -106.258
- Latitude
- 31.6932
