El Paso, TX 79907

CVS

Property Address

745 North Zaragoza Road, El Paso, TX, USA

Offering Summary

  • Price: $7,642,718
  • Lot Size: 1.32 Acres
  • Cap Rate: 5.15%
  • Year Built: 2013
  • Building SF: 13,358
  • Status: In Escrow
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  • Absolute Triple-Net (NNN) Corporate Lease with 16+ Years Remaining
  • 10 Percent Rental Increases in Each Renewal Option Period
  • 205,688 Residents within a Five-Mile Radius - Dense El Paso Trade Area
  • Bank of America ATM Provides Additional Rental Income to CVS, Reducing CVS’ Basis
  • Top Performing CVS Location - Per Placer AI, the Subject Property is in the Top 97% in TX and Top 88% in the US
  • Outparcel to El Super - Other Tenants in the Center Include McDonald’s, KFC, Taco Bell, and Pizza Hut
  • High Traffic Location at the Signalized Hard Corner of North Loop Drive and North Zaragoza Road (52,000+ Combined Cars/Day)
  • Three Miles from Zaragoza Bridge, a Major Entry Point for Shoppers from Mexico - Total Non-Commercial Vehicle Volume for 2021 Exceeded 2.5 Million (Source: US DOT)
  • Situated in Dense Retail Corridor Surrounded by National Tenants - Burger King, Denny’s, Dollar Tree, Panda Express, Walgreens, and More
  • Less Than 2 Miles Off the I-10 Freeway via North Zaragoza Road
  • 15-Minute Drive from Del Sol Medical Center (350 Beds)

Broker Information