6004 Mesa StEl Paso, TX 79912

This exceptional investment opportunity presents a 15-year absolute triple-net (NNN) ground lease for a Quick Quack Car Wash in El Paso, Texas. The 4,162 square foot property, built in 2023, sits on a 1.03-acre lot at a high-traffic intersection with over 57,000 cars daily. The lease commenced June 16, 2023, and features a remaining term of 13.6 years, with 10% rent increases every five years and options for three and five-year renewals. The property boasts a 5.35% cap rate and a current net operating income (NOI) of $135,000. The lease is backed by a corporate guarantee, providing significant security. Located near major retailers like Burlington, Harbor Freight Tools, Starbucks, and more, this car wash benefits from a strong demographic profile, with an average household income exceeding $97,000 within a 3-mile radius and 171,746 residents within a 5-mile radius. The property's prime location, high-quality construction, and strong tenant covenant make it an attractive investment opportunity in a growing El Paso market. The property address is 6004 N Mesa St, El Paso, TX 79912. The 100% occupancy ensures immediate cash flow.