HIGHLIGHTS
- OPTIMAL LEASE STRUCTURE: Recently Extended 10-year NN+ lease offering long-term, passive income with minimal landlord responsibilities.
- STRATEGIC RETAIL LOCATION: Prominently situated along Montana Avenue (U.S. Route 62), a major arterial corridor with ±41,900 vehicles per day.
- STRONG MARKET FUNDAMENTALS: El Paso benefits from a diverse economic base, anchored by industrial activity and military presence.
- PERFORMING LOCATION WITH LOW OCCUPANCY COSTS: Tenant occupancy costs remain low at $13.81/SF.
- TENANT CAPITAL COMMITMENT: The tenant has recently invested approximately $325,000 to expand the shop space.
- ESTABLISHED ASSET: ±17,264 SF building situated on ±2.16 acres; originally constructed in 1989 and renovated in 2010.
FOR SALE DETAILS
PRICE
$3,663,323 USD
PRICE/SF
$214 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
CALIBER COLLISION
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1989
SPRINKLERS
-
PARKING SPACES
187
LAND DETAILS
LAND ACRES
2.16 AC
LAND SF
94,190 SF
ZONING
R3
APN/PARCEL ID
D700-999-0010-0100
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574-270-0361
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574-270-0361
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