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Absolute NNN @ 7.75% CAP Near El Paso Airport 6460 Hiller St 16,784 SF 100% Leased Office Building El Paso, TX 79925 $2,606,400 ($155.29/SF) 7.75% Cap Rate
Investment Highlights
- Ground lease rent is currently $2,397.31/month, included in CAM
- Ground lease rent is subject to CPI adjustment every 5 years
- Absolute NNN Lease
- Underlying ground lease has term through December 31, 2059 and one, ten-year renewal option.
- Building Measures Approximately 16,833 Square Feet
- Close to El Paso Airport and Interstate 10
Executive Summary
Fully Leased Triple Net Investment Opportunity
Secure a strong income-producing asset with this fully leased triple net investment, structured as a land lease with ground rent and base rent in place. Tenants are responsible for all triple net expenses, providing an attractive passive investment structure. The property features a total building area of 16,833 square feet and includes a five-year renewal option beginning in 2031, with rent scheduled to increase to $13.39 per square foot at that time. Ideally located less than one mile from the airport and with convenient access to Interstate 10, this offering provides excellent connectivity and long-term investment potential.
Secure a strong income-producing asset with this fully leased triple net investment, structured as a land lease with ground rent and base rent in place. Tenants are responsible for all triple net expenses, providing an attractive passive investment structure. The property features a total building area of 16,833 square feet and includes a five-year renewal option beginning in 2031, with rent scheduled to increase to $13.39 per square foot at that time. Ideally located less than one mile from the airport and with convenient access to Interstate 10, this offering provides excellent connectivity and long-term investment potential.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leasehold)
Property Type
Office
Building Size
16,784 SF
Building Class
B
Year Built
1999
Price
$2,606,400
Price Per SF
$155.29
Cap Rate
7.75%
NOI
$201,996
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
16,784 SF
Building FAR
0.09
Lot Size
4.52 AC
Zoning
SCZ - Property is SCZ/Mixed-Use Zoning
Parking
85 Spaces (5.23 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste D | 4,252 SF | Office | Partial Build-Out | Now |
1st Fl-Ste D
| Size |
| 4,252 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Fl-Ste D
| Size | 4,252 SF |
| Space Use | Office |
| Build-Out | Partial Build-Out |
| Available | Now |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | E378-999-002B-2500 | Improvements Assessment | $790,000 |
| Land Assessment | $0 | Total Assessment | $790,000 |
Property Taxes
Parcel Number
E378-999-002B-2500
Land Assessment
$0
Improvements Assessment
$790,000
Total Assessment
$790,000
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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