12440 Edgemere Blvd, El Paso, TX 79938-4445
- Drive through restaurants
- 3,010 SF
- 0.88 lot acres
Current Use by Public Records
- Bush's Chicken / Restaurant
Property Details for 12440 Edgemere Blvd
- Year built
- 2014
- Construction
- WOOD
- Lot size
- 0.88 lot acres
- Zone code
- C3C
- Property type
- Drive through restaurants
- APN
- B841-999-0010-0100
- APU
- B84199900100100
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 30, 2023 | — | Sun State Towers IV LLC | Cellco Partnership | Assignment Of Deed | — |
| Jul 19, 2022 | — | Bush Series | Dp & Kym Properties LLC | Venders Lien | $1k · Midfirst Bank |
| Oct 12, 2021 | — | Cellco Partnership | Dp & Kym Properties LLC | Lease | $2.3M · United Bank Of El Paso Del Norte |
| Sep 10, 2021 | — | Dp & Kym Properties LLC | — | Deed · related | $1.7M · Bank Of The West |
| Oct 31, 2016 | — | Dp & Kym Properties LLC | Team Fowl El Dorado LLC | Grant Deed | $825k · Bank Of The West |
| May 24, 2016 | — | Team Fowl El Dorado LLC | — | Deed · related | — |
| Jul 22, 2014 | — | Whatley,melba D 2004 Fam Trust | Fowl El Dorado LLC | Grant Deed · related | — |
| Jan 13, 2014 | — | Team Fowl El Dorado LLC | River Oaks Properties Ltd | Grant Deed | $553k · American Bk/commerce |
| — | — | Team Fowl El Dorado LLC | — | Loan Modification · related | $66k · American Bk/commerce |
| — | — | Team Fowl El Dorado LLC | — | Loan Modification · related | — |
Description
This exceptional investment opportunity presents a 3,010 square foot, Class A, Bush's Chicken restaurant with a drive-thru and cell tower located in El Paso, Texas. The property sits on a 0.88-acre lot in a high-traffic area exceeding 30,000 vehicles daily, near TX-375 (75,000+ VPD). The absolute net lease (NNN) features a corporate guarantee and a remaining term of 6.9 years, expiring October 31, 2031, with 10% rent bumps every five years. The property boasts a strong NOI of $131,391 and a 6.25% cap rate, making it an attractive investment. Its prime location is within walking distance of Sierra Providence East Medical Center (recently completed a $20M expansion), across from El Dorado High School (2,245+ students), and near nine other schools. The densely populated area has over 208,000 residents within a 5-mile radius, and is near numerous national retailers including Walmart, Lowe's, Target, and more. The property benefits from its proximity to El Paso International Airport, a major commercial airport handling over 3.9 million passengers annually. This rapidly growing community, with significant industrial, retail, and housing developments underway, makes this a compelling investment prospect. The asking price is $2,102,256. Built in 2015, this property offers a secure and profitable investment opportunity with significant long-term potential.
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Location Insight
- Map
- Local Demand
- City
- El Paso
- County
- El Paso
- State
- Texas
- Longitude
- -106.257
- Latitude
- 31.7919
- CBSA code
- 21340
- CBSA name
- EL PASO, TX METROPOLITAN STATISTICAL AREA
