8500 Dyer St - Retail FOR SALE


El Paso, TX 79904- Las Sierras
$6,025,360 USD
915-422-2242
8500 Dyer St, El Paso, TX for Sale
$6,025,360 USD
Retail - FOR SALE
1/6
null | Request Cap Rate

8500 Dyer St
El Paso, TX 79904
Las Sierras


OVERVIEW

Break into the El Paso retail market with this exclusive acquisition opportunity for Sunrise Village, presented by REPcre. The four-parcel offering is available as a portfolio, or investors can purchase the assets individually. Sunrise Village is a prominent shopping center totaling 184,021 square feet on almost 15 acres and boasts a desirable mix of tenants that work well with each other. It is located in El Paso County and zoned C-3. Parcel C, South Building, spans 62,961 square feet on a 4.66-acre parcel. The building abuts Tetons Street to face Dyser Street, the more traveled roadway. It has a low vacancy rate of 20% with a synergetic tenant roster, including Impact Strength Gym, an auto shop, Tortilla Factory, two bars, A2B Driving School, and more. Sunrise Village boasts convenient accessibility off of US 54, a main North-South artery that is used as a primary connector to reach Downtown El Paso, El Paso International Airport, Fort Bliss, and Interstate 10. El Paso is the largest commercial real estate market in West Texas and has a historically strong retail landscape. The city’s position as an international point of entry at the US-Mexico border has formed a diverse economy made it a major hub for an array of industries from logistics to public administration. The retail vacancy rate in the El Paso market as of April 2024 was 2.5%, and the 10-year trailing average is 3.85%, astoundingly low figures compared to the national index. Supply pressures are minimal without substantial construction projects on the way, and retail rents rose by 16% from 2020 to 2024, underpinning the high demand for retail space in the market. Explore the diverse investment prospects of this offering, accentuated by its strategic accessibility and prominent tenant lineup. Get in touch.

FOR SALE DETAILS

PRICE

$6,025,360 USD

PRICE/SF

$96 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

South Building - Parcel C

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

300

LAND DETAILS

LAND ACRES

4.66 AC

LAND SF

202,990 SF

ZONING

C3

APN/PARCEL ID

M851-999-0130-0100

ASK ABOUT THIS PROPERTY

Chris DuncanREPcreMore Info
915-422-2242

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Chris DuncanREPcreMore Info
915-422-2242

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