12316 Eastlake BlvdEl Paso, TX 79928

  • Retail properties
  • 2,080 SF
For Sale
$2,358,000 View listing

Property Details for 12316 Eastlake Blvd

Year built
2024
Lot size
1.14 AC
Property size (Sq ft)
2,080 SF
Property type
Retail properties
Property subtype
Lifestyle centers

Description

This exceptional investment opportunity presents a brand-new, 15-year absolute NNN ground lease with Valvoline, a credit-rated national tenant with a corporate guarantee. Located on a 1.14-acre lot at 12316 Eastlake Blvd, El Paso, TX 79928, this 2,080 square foot auto shop is situated in a high-growth area with over 33,000 vehicles passing daily. The property boasts 11 parking spaces and benefits from excellent visibility and access on Eastlake Blvd, less than a mile from Interstate 10. The lease commenced October 22, 2024, and expires October 31, 2039, with three, 5-year renewal options and 10% rent increases every five years. The current Net Operating Income (NOI) is $125,000, resulting in a 5.30% cap rate. The property's strategic location is proximate to major retailers, including a newly developed shopping center, a large Amazon fulfillment center, and a proposed medical campus. This presents a strong, stable investment with significant upside potential due to the area's continued growth and the tenant's robust financial standing. The property was built in 2024 and enjoys 100% occupancy. The average household income within a one-mile radius exceeds $109,000. This is a rare opportunity to acquire a high-performing, low-maintenance net lease investment in a thriving Texas market.

12316 Eastlake Blvd, El Paso, Texas

Location Insight

City
El Paso
County
El Paso
State
Texas
Latitude
31.6932
Longitude
-106.258

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