For Sale
$3,506,560

313 Stanton St El Paso, TX 79901

Net-leased KEDPLASMA; 7.5% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
137
This investment opportunity presents a 34,357 square-foot, single-tenant net-leased medical office building in downtown El Paso, Texas. The property is 100% occupied by KEDPLASMA, a leading global plasma collection company, under a lease commencing November 1, 2018, and expiring October 31, 2033, with three 5-year renewal options. The lease includes a 10% rent increase every five years. The building, constructed in 1949, sits on a 0.29-acre lot at a high-traffic intersection in a densely populated area, boasting over 26,200 vehicles per day on Paisano Drive and proximity to Interstate 10 (187,000 VPD). The location benefits from its proximity to the University of Texas at El Paso (24,000 students) and The Hospitals of Providence Memorial (500-bed hospital), serving a population of over 108,000 within a five-mile radius (excluding Ciudad Juárez). Ciudad Juárez, with its 1.5 million residents, further enhances the property's market potential. The average household income within five miles is $57,768. The property offers a strong 7.50% cap rate and a substantial net operating income (NOI) of $262,992, making it an attractive investment in a tax-free state. The asking price is $3,506,560. This is an e-commerce resistant, essential business with a long-term lease and significant upside potential.

Highlights

  • $3,506,560 asking price for a 34,357 SF net-leased medical/plasma donation center.
  • 7.50% cap rate with a strong, creditworthy tenant (KEDPLASMA).
  • Located in downtown El Paso, TX, offering excellent visibility and access.
  • Long-term lease (8.9 years remaining) with 10% rent bumps every five years and three five-year renewal options.
  • E-commerce resistant, essential business in a high-traffic area with strong demographics.

Property Details for 313 Stanton St

Property type
Retail properties, Office properties
Square Feet
34,357 SF
Year Built
1949
Lot Size (sq. ft)
12,632 SF

Location Insight

City
El Paso
County
El Paso
State
Texas
Latitude
31.7560158
Longitude
-106.4854062

FAQs

What type of property is this?
Retail property - Net-leased KEDPLASMA; 7.5% Cap Rate
Where is the retail property located?
The property is located at 313 Stanton St El Paso, TX.
What is the asking price?
The asking price for this property is $3,506,560.
What are key features of this property?
This property features: $3,506,560 asking price for a 34,357 SF net-leased medical/plasma donation center.; 7.50% cap rate with a strong, creditworthy tenant (KEDPLASMA).; Located in downtown El Paso, TX, offering excellent visibility and access.
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.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
313 Stanton St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message