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9426 Montana Ave 6,889 SF Retail Building El Paso, TX 79925 $1,650,000 ($239.51/SF) 7.15% Cap Rate
Investment Highlights
- Minimal Landlord Responsibilities: Landlord obligations are limited to structural maintenance only, providing a passive, low-management ownership
- Signalized Hard Corner Location: Positioned at a signalized intersection, offering strong visibility, prominent frontage, and efficient ingress/egress
- Proximity to El Paso International Airport: Situated along Montana Avenue with convenient access to El Paso International Airport
- Texas Tax Advantage: Located in a no state income tax jurisdiction, supporting enhanced after-tax cash flow for investors.
- Dense and Expanding Trade Area: Over 200,000 residents within a five-mile radius, underpinning sustained consumer demand and long-term retail
- Publicly Traded Tenant: Advance Auto Parts is listed on the New York Stock Exchange (NYSE: AAP), providing transparency and institutional-grade report
Executive Summary
This net-leased retail property offers a stable income opportunity anchored by Advance Auto Parts, a publicly traded tenant with an established operating history. The property operates under a 15-year NNN lease structure, significantly reducing landlord responsibilities to structural maintenance only, making it an attractive passive investment. With seven years remaining on the primary term and two additional five-year extension options, this asset ensures predictable cash flow and long-term security.
Positioned on a signalized hard corner along Montana Avenue, the property benefits from exceptional visibility and convenient ingress/egress that caters to heavy daily traffic. The surrounding trade area is robust, with over 200,000 residents within a five-mile radius, providing strong consumer demand and supporting retail sustainability. Additionally, its proximity to El Paso International Airport enhances accessibility for both local and transient customers. Situated in Texas, the property allows investors to capitalize on the state’s advantageous tax structure, which includes no state income tax, thereby enhancing returns.
Positioned on a signalized hard corner along Montana Avenue, the property benefits from exceptional visibility and convenient ingress/egress that caters to heavy daily traffic. The surrounding trade area is robust, with over 200,000 residents within a five-mile radius, providing strong consumer demand and supporting retail sustainability. Additionally, its proximity to El Paso International Airport enhances accessibility for both local and transient customers. Situated in Texas, the property allows investors to capitalize on the state’s advantageous tax structure, which includes no state income tax, thereby enhancing returns.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,889 SF
Building Class
C
Year Built
2018
Price
$1,650,000
Price Per SF
$239.51
Cap Rate
7.15%
NOI
$117,975
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
0.52 AC
Zoning
C3 - Commercial Business
Parking
22 Spaces (3.19 Spaces per 1,000 SF Leased)
Frontage
179’ on Montana Ave Ave
Amenities
- Corner Lot
- Pylon Sign
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- $17.13
- Triple Net
- Feb 2033
Advance Auto Parts began in 1932 when Arthur Taubman acquired Advance Stores in Virginia, and the business later developed into a publicly traded automotive aftermarket retailer. The company serves professional installers and do-it-yourself customers through retail stores, online shopping, and customer support services, with offerings that include replacement parts, accessories, batteries, and maintenance items. Advance Auto Parts also operates the Carquest brand and maintains a broad North American presence that includes the United States, Canada, Puerto Rico, and the U.S. Virgin Islands.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | $17.13 | Triple Net | Feb 2033 |
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | S225-999-0010-4500 | Improvements Assessment | $341,110 |
| Land Assessment | $176,400 | Total Assessment | $517,510 |
Property Taxes
Parcel Number
S225-999-0010-4500
Land Assessment
$176,400
Improvements Assessment
$341,110
Total Assessment
$517,510
Contacts
-
Dylan Schroeder -
Connor Knauer -
Michael Wolsiefer -
Matthews Real Estate Investment Services
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