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Raising Cane's 675 Sunland Park Dr 2,899 SF Retail Building El Paso, TX 79912 $4,375,000 ($1,509.14/SF) 4% Cap Rate
Investment Highlights
- Corporate Absolute NNN Ground Lease Signed by Raising Cane's Restaurants, L.L.C. with zero landlord responsibilities covers taxes, insurance, & more
- Oversized 1.79-Acre Hard Corner — A 78,060 SF pad at the signalized intersection of Sunland Park Drive and Mesa Hills Drive
- An out-parcel to the 307,000 SF Sunland Towne Centre and directly across from the 918,000 SF Shoppes at Solana, with ±35,880 cars per day passing
- ±12.6 Years Remaining | Contractual 10% Increases 15-year primary term through February 2039 plus five 5-year options through 2064
- 900+ units, ~$5.7 billion in 2025 system-wide sales, and the second-highest average unit volume of any major QSR brand (~$6.6 million)
- 146,164 residents and $107,265 average household income within five miles — nearly double the El Paso MSA benchmark
Executive Summary
New To Market: Raising Cane’s | El Paso, Texas | $4,375,000 | 1.79 Acre Lot
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,899 SF
Building Class
B
Year Built/Renovated
1995/2023
Price
$4,375,000
Price Per SF
$1,509.14
Cap Rate
4%
NOI
$175,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.79 AC
Zoning
C3
Parking
46 Spaces (15.87 Spaces per 1,000 SF Leased)
Frontage
241’ on Sunland Park Dr
Amenities
- Bus Line
- Pylon Sign
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | C815-999-0060-0500 | Improvements Assessment | $1,103,602 |
| Land Assessment | $1,307,371 | Total Assessment | $2,410,973 |
Property Taxes
Parcel Number
C815-999-0060-0500
Land Assessment
$1,307,371
Improvements Assessment
$1,103,602
Total Assessment
$2,410,973
Contacts
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Patrick Wade -
Alex Kozakov -
Bradley Suttle -
Matthew Greenberg -
Bo Henderson -
Jack Webber -
Nick Solomon -
Vivian Tran -
CBRE, Inc.
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