629 Zaragoza RdEl Paso, TX 79907

Property Details for 629 Zaragoza Rd

Year built

2024

Lot size

0.95 AC

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a brand-new, 2,020-square-foot Starbucks with a drive-thru, situated on a 0.95-acre lot in El Paso, Texas. The property boasts a strong 10-year NNN lease with a prominent national tenant, Starbucks (S&P: A-), commencing August 27, 2024, and expiring August 31, 2034. The lease includes four 5-year renewal options, each with a 10% rent increase. The current Net Operating Income (NOI) is $145,000, yielding a 5.50% cap rate on the $2,635,000 asking price. This strategically located outparcel is part of Zaragoza Village, a shopping center anchored by a high-performing El Super grocery store (ranked in the top 8% of the chain by Placer.ai). The location benefits from exceptional visibility and high traffic volume, situated at a major intersection with over 55,000 cars per day. Zaragoza Village itself is ranked among the top 25% of neighborhood centers nationwide based on consumer traffic (Placer.ai). The strong demographics of the area, with 210,860 people within a 5-mile radius, and proximity to the Yselta-Zaragoza border crossing (5+ million annual crossings), further enhance the investment potential. El Paso's robust economy, as the sixth-largest city in Texas and a top 20% U.S. performer, provides a stable and growing market. The property's APN is D38299900100410. This is a rare opportunity to acquire a high-performing, single-tenant investment property with a blue-chip tenant in a thriving market.

Location Insight

City

El Paso

County

El Paso

State

Texas

Latitude

31.7044

Longitude

-106.319

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

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 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 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].