11391 Montwood Dr
El Paso, TX
Price:
$2,400,000
Cap Rate:
5.00%
NOI:
$120,000
Building Size:
Approx. 2,824 Sq. Ft.
Lot Size:
Approx. 1.22 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2024
Investment Overview
- 2024 Construction. 2,824+/- SF Building on 1.22+/- Acre Site
- 20-Year Absolute NNN Ground Lease w/ Corporate Guarantee & 8% Rental Increases Every 5 Years, In Primary Term & Option Periods
- Located on a High-Traffic Signalized Intersection (43,000+ Combined VPD) on One of El Paso’s Busiest Retail Corridors
- Affluent, Densely Populated Community | Population of 20k+ with an Average Household Income of $108,000+ Within 1 Mile Radius
- Priced Well Below Replacement Cost | New Murphy USA Large Format Store with 16 Fueling Positions on 1.22 Acres
- Murphy USA is a Leading Retailer of Gasoline & Convenience Merchandise – Over $25.45B in Revenue
- El Paso | 2nd Largest Borderplex in the Nation | Population: 677,181+