For Sale
$2,102,256

12440 Edgemere Blvd El Paso, TX 79938

High-traffic Bush's Chicken NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
138
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.

Highlights

  • Absolute Net Lease with favorable rental increases; drive-thru and cell tower.
  • High-traffic location on major retail corridor exceeding 30,000 vehicles daily, near TX-375 (75,000+ VPD).
  • Bush's Chicken restaurant tenant with multiple locations.
  • Walking distance to Sierra Providence East Medical Center (recent $20M expansion).
  • Across from El Dorado High School (2,245+ students) and near nine other schools.
  • Densely populated area (208,000+ residents within a 5-mile radius).

Property Details for 12440 Edgemere Blvd

Property type
Retail properties, Restaurants
Square Feet
3,010 SF
Class
A
Year Built
2015
Lot Size (sq. ft)
38,333 SF

Location Insight

City
El Paso
County
El Paso
State
Texas
Latitude
31.791976
Longitude
-106.2568607

FAQs

What type of property is this?
Retail property - High-traffic Bush's Chicken NNN Lease
Where is the retail property located?
The property is located at 12440 Edgemere Blvd El Paso, TX.
What is the asking price?
The asking price for this property is $2,102,256.
What are key features of this property?
This property features: Absolute Net Lease with favorable rental increases; drive-thru and cell tower.; High-traffic location on major retail corridor exceeding 30,000 vehicles daily, near TX-375 (75,000+ VPD).; Bush's Chicken restaurant tenant with multiple locations.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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12440 Edgemere Blvd
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