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

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 Income

  $1,479,133

  Hospitality / Lodging

  $1,354,878

  Institutional / Educational

  $1,127,243

  Healthcare / Senior Housing

  $1,166,010

  Retail / Commercial

  $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

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].