6004 Mesa StEl Paso, TX 79912

Property Details for 6004 Mesa St

Year built

1966

Lot size

1.39 AC

Property size (Sq ft)

13,042 SF

Zone code

C1

Property type

Office properties

Property subtype

Other data centers and call centers

APN

C843-999-0010-0100

APU

C84399900100100

Description

This exceptional investment opportunity presents a 15-year absolute triple-net (NNN) ground lease for a Quick Quack Car Wash in El Paso, Texas. The 4,162 square foot property, built in 2023, sits on a 1.03-acre lot at a high-traffic intersection with over 57,000 cars daily. The lease commenced June 16, 2023, and features a remaining term of 13.6 years, with 10% rent increases every five years and options for three and five-year renewals. The property boasts a 5.35% cap rate and a current net operating income (NOI) of $135,000. The lease is backed by a corporate guarantee, providing significant security. Located near major retailers like Burlington, Harbor Freight Tools, Starbucks, and more, this car wash benefits from a strong demographic profile, with an average household income exceeding $97,000 within a 3-mile radius and 171,746 residents within a 5-mile radius. The property's prime location, high-quality construction, and strong tenant covenant make it an attractive investment opportunity in a growing El Paso market. The property address is 6004 N Mesa St, El Paso, TX 79912. The 100% occupancy ensures immediate cash flow.

• CAP approach

  CAP return

  Valuation

  6%

  $1,292,254

  6.5%

  $1,192,849

  7%

  $1,107,646

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,170,189

  Geo Method

  $2,170,189

• Alternative Use

  Use

  Valuation

  Residential

  $1,479,133

  Hospitality

  $1,354,878

  Educational

  $1,127,243

  Medical

  $1,166,010

  Retail

  $1,753,489

Location Insight

City

El Paso

County

El Paso

State

Texas

Latitude

31.8303

Longitude

-106.528

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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