9425 Montana AveEl Paso, TX 79925

Property Details for 9425 Montana Ave

Year built

1978

Construction

WOOD

Lot size

0.38 AC

Property size (Sq ft)

6,688 SF

Zone code

C4

Property type

Retail properties

Property subtype

Other automotive properties

APN

M797-999-0020-2500

APU

M79799900202500

Description

This exceptional investment opportunity presents a 6,702 square foot, single-tenant retail property located at 9425 Montana Ave, El Paso, TX 79925. The property, built in 1978 and situated on a 0.38-acre lot, is currently 100% occupied by Martin Tire under an Absolute NNN lease with a corporate guarantee. The lease commenced November 4, 2021, and has a remaining term of 12.8 years, expiring November 29, 2036. The lease includes 1.75% annual rent bumps and four 5-year renewal options, ensuring long-term, stable income. The asking price is $3,077,000, representing a 6.50% cap rate. The property benefits from its high-traffic location on Montana Ave (US 62), a major thoroughfare with over 45,500 vehicles per day, connecting El Paso to Interstate 10. Its proximity to El Paso International Airport, the seventh busiest in Texas, further enhances its desirability. El Paso, the sixth largest city in Texas, is part of the Borderplex MSA, a dynamic region with over 2.5 million residents and a robust economy driven by trade and manufacturing. This investment offers a compelling combination of strong tenant, long-term lease, and prime location within a thriving market.

• CAP approach

  CAP return

  Valuation

  6%

  $974,130

  6.5%

  $899,197

  7%

  $834,969

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,804,466

  Geo Method

  $2,804,466

• Alternative Use

  Use

  Valuation

  Residential

  $758,507

  Hospitality

  $694,788

  Educational

  $578,055

  Medical

  $597,936

  Retail

  $899,197

Location Insight

City

El Paso

County

El Paso

State

Texas

Latitude

31.7949

Longitude

-106.36

CBSA code

21340

CBSA name

EL PASO, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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