8320 Dyer StEl Paso, TX 79904
- Retail properties
- 5,618 SF
Property Details for 8320 Dyer St
- Year built
- 2016
- Lot size
- 0.46 AC
- Property size (Sq ft)
- 5,618 SF
- Zone code
- C3
- Property type
- Retail properties
- Property subtype
- Strip malls
- APN
- B756-999-0000-1100
- APU
- B75699900001100
Description
This exceptional investment opportunity presents the Dyer Strait Plaza, a thriving 5,600 square foot retail center in El Paso, Texas. Located on a 0.488-acre lot at 8320 Dyer St, zip code 79904, this fully occupied (100%) property boasts six diverse tenants: Boost Mobile, Pronto Insurance, Aurora Rolling Ice Cream, a Barber Shop, Bodega Snack Shop, and SVT Shop. The property benefits from a prime location near US Route 54, a major thoroughfare with over 130,000 vehicles passing daily, ensuring high visibility and foot traffic. Built in 2016, the center is zoned C-3 and features a Net Lease (NNN) structure, minimizing landlord responsibilities. The asking price is $1,400,000, representing a compelling $250 per square foot and a 7.96% cap rate. Two key tenants, Boost Mobile and Aurora Rolling Ice Cream, recently signed 2-year lease extensions, demonstrating strong tenant commitment and long-term stability. This multi-tenant retail center offers a secure, high-return investment with significant upside potential. The property is offered as a 1031 exchange opportunity.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $818,281
- 6.5%
- $755,337
- 7%
- $701,384
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,355,785
- Geo Method
- $2,355,785
-
Alternative Use
- Use
- Valuation
- Residential
- $637,155
- Hospitality
- $583,630
- Educational
- $485,574
- Medical
- $502,273
- Retail
- $755,337
Location Insight
- City
- El Paso
- County
- El Paso
- State
- Texas
- Latitude
- 31.8557
- Longitude
- -106.437
- CBSA code
- 21340
- CBSA name
- EL PASO, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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