12440 Edgemere BlvdEl Paso, TX 79938

Property Details for 12440 Edgemere Blvd

Year built

2014

Construction

WOOD

Lot size

0.88 AC

Property size (Sq ft)

3,010 SF

Zone code

C3C

Property type

Drive through restaurants

APN

B841-999-0010-0100

APU

B84199900100100

Description

This exceptional investment opportunity presents a 3,010 square foot, Class A, Bush's Chicken restaurant with a drive-thru and cell tower located in El Paso, Texas. The property sits on a 0.88-acre lot in a high-traffic area exceeding 30,000 vehicles daily, near TX-375 (75,000+ VPD). The absolute net lease (NNN) features a corporate guarantee and a remaining term of 6.9 years, expiring October 31, 2031, with 10% rent bumps every five years. The property boasts a strong NOI of $131,391 and a 6.25% cap rate, making it an attractive investment. Its prime location is within walking distance of Sierra Providence East Medical Center (recently completed a $20M expansion), across from El Dorado High School (2,245+ students), and near nine other schools. The densely populated area has over 208,000 residents within a 5-mile radius, and is near numerous national retailers including Walmart, Lowe's, Target, and more. The property benefits from its proximity to El Paso International Airport, a major commercial airport handling over 3.9 million passengers annually. This rapidly growing community, with significant industrial, retail, and housing developments underway, makes this a compelling investment prospect. The asking price is $2,102,256. Built in 2015, this property offers a secure and profitable investment opportunity with significant long-term potential.

• CAP approach

  CAP return

  Valuation

  6%

  $438,417

  6.5%

  $404,693

  7%

  $375,786

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,262,177

  Geo Method

  $1,262,177

• Alternative Use

  Use

  Valuation

  Residential

  $341,373

  Hospitality

  $312,696

  Educational

  $260,160

  Medical

  $269,107

  Retail

  $404,693

Location Insight

City

El Paso

County

El Paso

State

Texas

Latitude

31.7919

Longitude

-106.257

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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