629 Zaragoza RdEl Paso, TX 79907

This exceptional investment opportunity presents a brand-new, 2,020-square-foot Starbucks with a drive-thru, situated on a 0.95-acre lot in El Paso, Texas. The property boasts a strong 10-year NNN lease with a prominent national tenant, Starbucks (S&P: A-), commencing August 27, 2024, and expiring August 31, 2034. The lease includes four 5-year renewal options, each with a 10% rent increase. The current Net Operating Income (NOI) is $145,000, yielding a 5.50% cap rate on the $2,635,000 asking price. This strategically located outparcel is part of Zaragoza Village, a shopping center anchored by a high-performing El Super grocery store (ranked in the top 8% of the chain by Placer.ai). The location benefits from exceptional visibility and high traffic volume, situated at a major intersection with over 55,000 cars per day. Zaragoza Village itself is ranked among the top 25% of neighborhood centers nationwide based on consumer traffic (Placer.ai). The strong demographics of the area, with 210,860 people within a 5-mile radius, and proximity to the Yselta-Zaragoza border crossing (5+ million annual crossings), further enhance the investment potential. El Paso's robust economy, as the sixth-largest city in Texas and a top 20% U.S. performer, provides a stable and growing market. The property's APN is D38299900100410. This is a rare opportunity to acquire a high-performing, single-tenant investment property with a blue-chip tenant in a thriving market.