Gateway Blvd and Cohen Ave | El Paso, TX 79924
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Gateway Blvd and Cohen Ave
El Paso, TX 79924
Luxe FireSuite (Unit T3-20) - El Paso, TX · Sports & Entertainment Property For Sale
·
7,848 SF
INVESTMENT HIGHLIGHTS
- Hands-Free Ownership: Absolute NNN lease requires zero landlord responsibilities.
- Guaranteed Buyout Option Available At Year 15: For details on the structure in the event the landlord declines the buyout, please refer to pages 5-8.
- High Cash Flow: 11.00% cap rate with annual rent escalations for built-in growth.
- Long-Term Stability: 15 year primary term.
- Continued High Yield Annual NOI Available: If the landlord chooses to decline the guaranteed buyout
- Corporate Credit: Backed by VENU Holding Corporation. VENU is a publicly traded company (NYSEAmerican:VENU).
PROPERTY FACTS
| Property Type | Sports & Entertainment | No. Stories | 1 |
| Property Subtype | Year Built | 1990 | |
| Building Class | B | Tenancy | Single |
| Lot Size | 47.22 AC | Parking Ratio | 10/1,000 SF |
| Building Size | 7,848 SF | ||
| Zoning | R4 | ||
| Property Type | Sports & Entertainment |
| Property Subtype | |
| Building Class | B |
| Lot Size | 47.22 AC |
| Building Size | 7,848 SF |
| No. Stories | 1 |
| Year Built | 1990 |
| Tenancy | Single |
| Parking Ratio | 10/1,000 SF |
| Zoning | R4 |
PROPERTY TAXES
| Parcel Number | C232-999-0070-0150 | Improvements Assessment | $0 |
| Land Assessment | $5,091,075 | Total Assessment | $5,091,075 |
PROPERTY TAXES
Parcel Number
C232-999-0070-0150
Land Assessment
$5,091,075
Improvements Assessment
$0
Total Assessment
$5,091,075
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