290 Mccombs Dr - Fast Food FOR SALE


Chaparral, NM 88081
$1,322,000 USD
248-702-0288
290 Mccombs Dr, Chaparral, NM for Sale
$1,322,000 USD
Fast Food - FOR SALE
1/6
null | 6% Cap Rate

290 Mccombs Dr
Chaparral, NM 88081


HIGHLIGHTS

  • Long Term Historical Occupancy: Tenant Has Occupied The Space Since 2003 and Recently Extended the Lease Through 2034
  • 10% Increases Every 5 Years Throughout the Base Term and Options
  • Below Market Rent | Attractive Replaceable/Low Rent ($11.69/SF) | Priced Below Replacement Cost | $197/SF
  • Automotive-Oriented: Protected Against Threat Of E-Commerce | AutoZone is Recession-Proof
  • AutoZone Generated $18.49 Billion In Revenue In 2024 | 5.92% Increase From 2023
  • 20 Miles To Downtown El Paso, TX

OVERVIEW

Corporate Guarantee | S&P Credit Rating "BBB" | Double Net Lease Minimal Landlord Responsibilities | 9+ Years Remaining

FOR SALE DETAILS

PRICE

$1,322,000 USD

PRICE/SF

$193 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AutoZone

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

REM

APN/PARCEL ID

17-17598

ASK ABOUT THIS PROPERTY

Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

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Deno BistolaridesEncore Real Estate Investment ServicesMore Info
248-702-0288

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.