12349 Pellicano Dr El Paso, TX 79928
High-return Starbucks NNN lease.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 137
Highlights
- New construction with a 10-year, net-lease to Starbucks.
- Rent increases 10% every 5 years.
- Investment-grade tenant: Starbucks Corporation (BBB+/Baa1 rated).
- High visibility at a signalized intersection (Joe Battle Blvd & Pellicano Dr) with over 46,000 VPD; frontage road access to TX Loop 375 (104,000+ VPD).
- Strong demographics: 13,050+ residents within 1 mile, $112,800+ average household income.
- Located in the Monteverde mixed-use development, anchored by a high-traffic Alamo Drafthouse Cinema.
Property Details for 12349 Pellicano Dr
- Property type
- Retail properties, Restaurants
- Square Feet
- 2,020 SF
- Year Built
- 2024
- Lot Size (sq. ft)
- 44,867 SF
Location Insight
- City
- El Paso
- County
- El Paso
- State
- Texas
- Latitude
- 31.72624611
- Longitude
- -106.26501771
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-return Starbucks NNN lease.
- Where is the retail property located?
- The property is located at 12349 Pellicano Dr El Paso, TX.
- What is the asking price?
- The asking price for this property is $2,995,000.
- What are key features of this property?
- This property features: New construction with a 10-year, net-lease to Starbucks.; Rent increases 10% every 5 years.; Investment-grade tenant: Starbucks Corporation (BBB+/Baa1 rated).
- How can I contact the broker?
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