415 Yandell Dr El Paso, TX 79902

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.