12367 Pellicano DrEl Paso, TX 79928

This exceptional investment opportunity presents a brand-new, 2,283 square foot Taco Bell restaurant in El Paso, Texas. Located at 12367 Pellicano Dr, this single-tenant property boasts a 20-year net lease (NNN) with four 5-year options, commencing October 1, 2024, and expiring October 31, 2044. The lease includes a corporate guarantee from Yum! Brands, Inc., providing significant financial stability. The property features a strong 4.40% cap rate and a substantial net operating income (NOI) of $80,000 annually. Rent increases of 10% every five years offer inflation protection. Situated on a 0.86-acre lot with 27 parking spaces, the property benefits from excellent visibility at a signalized intersection with over 46,000 vehicles per day. The location is part of the Monteverde mixed-use development in a densely populated area with an average household income exceeding $104,800, projected to rise above $120,400 by 2029. The property is zoned C-4 Commercial and is situated near major roadways, schools, and a hospital, further enhancing its appeal. This is a ground lease with 20 years remaining. The asking price is $1,818,181, representing a price per square foot of $796.40. This is a 1031 exchange eligible property. The building was constructed and renovated in 2024.