915 Sunland Park Drive

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915 Sunland Park Drive

El Paso, TX 79922
Asking Price
$2.50M
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>​135,704 Residents within a 5-Mile Radius - Growing El Paso Trade Area</li><li>​High-Quality 2024 Construction</li><li>​Situated Immediately Off the I-10 Freeway with Excellent Frontage Along Sunland Park Drive (±31,200 Cars per Day)</li><li>​Located within a Dense Retail Corridor, Anchored by The Shoppes a

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NOI
$80,000
Cap Rate
3.20%
DSCR
0.54
Underwater
Cash-on-Cash
-9.12%
Monthly Payment
$12,363.688
Annual Cash Flow
$-68,364.262

Location & Travel Times