For Sale
$6,000,000

415 Yandell DrEl Paso, TX 79902

High-yield retail investment opportunity in El Paso, TX.

Overview

Added:
Dec 11, 2024
Days on market:
116
Wakefield Plaza, located at 415 Yandell Dr, El Paso, TX 79902, presents a compelling investment opportunity in the thriving El Paso market. This single-tenant retail property boasts 39,000 square feet on a 0.83-acre lot, offering significant potential for long-term growth. Built in 1920 and zoned C-4, the property features a strong net operating income (NOI) of $487,500, resulting in an attractive 8.00% capitalization rate. The asking price is $6,000,000. The lease is a triple-net (NNN) agreement with a rent commencement date of April 30, 2023. The current lease includes two five-year renewal options, providing lease stability and predictable income streams. This prime El Paso location offers excellent visibility and accessibility, making it an ideal investment for discerning buyers seeking a stable, high-return retail property. The property's substantial size and favorable zoning provide flexibility for future development or expansion. This is a rare opportunity to acquire a well-established retail center in a dynamic and growing market. Serious inquiries are encouraged.

Property Details for 415 Yandell Dr

Property type
Retail properties
Square Feet
39,000 SF
Year Built
1920
Buildings
1
Lot Size (sq. ft)
36,155 SF

Location Insight

City
El Paso
County
El Paso
State
Texas
Latitude
31.7648341
Longitude
-106.4889931
415 Yandell Dr, El Paso, Texas

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415 Yandell Dr
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