12367 Pellicano DrEl Paso, TX 79928

Property Details for 12367 Pellicano Dr

Year built

2024

Lot size

0.86 AC

Property size (Sq ft)

2,283 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

El Paso

County

El Paso

State

Texas

Latitude

31.7268

Longitude

-106.262

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].