12349 Pellicano Dr | El Paso, TX 79928
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- LoopNet Team
12349 Pellicano Dr
El Paso, TX 79928
Starbucks - El Paso, TX · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New Construction, 10-Year NNN Lease
- Investment grade tenant – the corporate lease is backed by Starbucks Corporation, a globally recognized tenant with over 38,000 locations and a BBB+/B
- Densely Populated and Affluent Trade Area - over 13,050 residents within a 1-mile radius and average household income over $112,800
- 10% rent increases every 5 years provide a hedge against inflation
- Excellent Access and Visibility – located at the signalized intersection of Joe Battle Blvd and Pellicano Dr with a traffic count excess of 46,000 VPD
- Starbucks is situated in a new ~30-acre mixed-use development, Monteverde, on the rapidly growing East side of El Paso
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,020 SF
Building Class
B
Year Built
2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.03 AC
Zoning
C-4C - Commercial
AMENITIES
- 24 Hour Access
- Air Conditioning
PROPERTY TAXES
| Parcel Number | M700-000-U201-0600 | Improvements Assessment | $10,437 |
| Land Assessment | $179,489 | Total Assessment | $189,926 |
PROPERTY TAXES
Parcel Number
M700-000-U201-0600
Land Assessment
$179,489
Improvements Assessment
$10,437
Total Assessment
$189,926
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