12363 Pellicano DrEl Paso, TX 79928

Property Details for 12363 Pellicano Dr

Year built

2023

Lot size

1.19 AC

Property size (Sq ft)

4,285 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a brand-new, 4,285 square foot McDonald's restaurant in El Paso, Texas. Located at the signalized intersection of Joe Battle Blvd (US 375) and Pellicano Drive, this property boasts exceptional visibility and access to 45,000 vehicles daily. The property sits on a 1.19-acre lot within the new Monteverde mixed-use development, anchored by Alamo Drafthouse Cinema. This absolute NNN ground lease offers a 20-year term commencing October 1, 2023, with eight 5-year options and a 10% rent increase every five years. The property benefits from a densely populated and affluent trade area, with over 79,000 residents within a 3-mile radius and an average household income exceeding $89,000, projected to reach over $102,000 by 2028. The strong tenant, McDonald's, provides an investment-grade lease with a current NOI of $110,000 and a 3.85% cap rate. The asking price is $2,857,000 ($666.74/sq ft). The property is zoned C-4 Commercial and features a 100% occupancy rate. Proximity to major roadways, schools, a hospital, and an Amazon fulfillment center further enhances its value. This is a rare opportunity to acquire a high-performing, tax-free investment in a rapidly growing market. The ground lease expires October 1, 2043, offering long-term stability and significant appreciation potential. This property is a compelling investment for those seeking strong returns and long-term growth.

Location Insight

City

El Paso

County

El Paso

State

Texas

Latitude

31.7267

Longitude

-106.263

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