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.