Circle K - El Paso, TX

5,200 SF | Retail Building | El Paso, TX 79936 | $3,360,000 ($646/SF) | 4.65% Cap Rate

Asking Price $3,360,000

Property Type: Retail
Square Feet: 5,200 SF
Price / Square Foot: $646

Listing Contacts

Robert Donnell

Verified Profile

Chuck Klein

Verified Profile

Property Info

Property Overview

• Brand-New Construction - 20-year Ground Lease with eight five-year Options
• 8% rent increases every 5 years provide a hedge against inflation
• 14 gas pumps on site (12 regular, 2 diesel)
• Investment Grade Tenant

Property Details

Year Built: 2023
Stories: 1
Property Subtype: Service, Grocery/Convenience Store
Lot Size (sq. ft): 71,438 SF

Highlights

Excellent Access / Visibility – located at the signalized intersection of Joe Battle Blvd (US 375)
Densely Populated and Affluent Trade Area – over 81,500 residents within 3 miles with an average household income over $86,000
Circle K is situated in a new ~30-acre mixed-use development, Monteverde, on the rapidly growing East side of El Paso
Monteverde’s anchor tenant, Alamo Drafthouse Cinema is ranked 1st in visits of all Alamo Drafthouse locations in Texas by placer.ai
El Paso is in the midst of a record-setting warehouse and distribution construction boom with over 5 million SF of industrial space under construction
1 mile south of University Medical Center of El Paso, an acute care teaching hospital with 354 patient beds

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