6819 TX-16 Spur

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6819 TX-16 Spur

El Paso, TX 79932
Asking Price
$2.48M
Cap Rate
5.85%
Asset Type
Auto Shop Retail
Class
Class B

What's Special

Fee Simple Land & Building: Qualifies for 100% Bonus/Accelerated Depreciation | New 15-Yr Abs NNN <ul><li>​Brand New 15-Year Absolute Triple-Net (NNN) Lease</li><li>​10% Rental Increases Every 5 Years with Multiple Renewal Options</li><li>​Corporate Guaranty by 24+ Unit Franchisee</li><li>​Dense Trade Area in El Paso - 102,591 Residents within a 5-Mile Radius</li><li>​High-Quality 2023 Construction</li><li>​Situated Immediately Off the I-10 Freeway with Excellent Frontage Along Woodrow Bean Transmountain Drive (±23,360 Cars per Day)</li><li>​Located Across from The Outlet Shoppes at El Paso

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NOI
$80,000
Cap Rate
3.23%
DSCR
0.54
Underwater
Cash-on-Cash
-9.04%
Monthly Payment
$12,269.687
Annual Cash Flow
$-67,236.242

Location & Travel Times