Denny's 9657 Dyer Street, El Paso, TX Cap Rate 5.35% El Paso ( Texas, US ) Built

$1,546,000 USD
Dollars

BAI-MEX Bienes Raíces y Negocios

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  • Type: Commercial
  • Style: Commercial
  • Size: 3,711 sq. ft.
  • Development Level: Built
  • Lot Size: 0.79 acres

Description

Denny's 9657 Dyer Street, El Paso, TX Cap Rate 5.35%

Cap Rate: 5.35%
NOI: $82,712
Building Size: 3,711 sqft
Lot Area: 0.79 acres
Lease Type: Triple Net
Tenancy: Single
Parking Spots: 55
Lease Expire Year: 2030

DESCRIPTION
The subject property is prominently situated with excellent access and visibility along Dyer Street (29,440 AADT) approximately 1 mile from its junction with TX-375 (23,506 AADT) and approximately 2 miles from US-54 (78,131 AADT). The site benefits from robust demographics with a total daytime population of 501,256 and within 10 miles of the site. Average household income within 5 miles of the site is $58,111.

The property benefits from a prominent retail location in close proximity to shopping centers and major retail tenants. Nearby retail centers include Plaza Nordeste, anchored by Food King and Family Dollar; Surety Village Shopping Center, anchored by Dollar Tree; Hondo Pass Centre, anchored by Food King; Crosspointe Center, featuring Navy Federal Credit Union and WestStar Bank; Kenworthy Crossing, anchored by Albertsons; North Hills Crossing, featuring Walmart Neighborhood Market, Big Lots, Petco, and Ross; and Freedom Crossing at Fort Bliss, anchored by the Fort Bliss Commissary with additional tenants including Dollar Tree, GNC, Buffalo Wild Wings, and more. Other major retail tenants in the surrounding area include Walmart, Walgreens, Sam’s Club, Dollar Tree, Walmart Neighborhood Market, AMC Theaters, Lowe’s Home Improvement, and more.

The property benefits from close proximity to Biggs Army Airfield and Fort Bliss, which employ more than 45,000 civilian and military personnel and house more than 10,000. In addition, the property is located approximately one mile from El Paso Community College’s Transmountain Campus, with a student body of 4,000+.

HIGHLIGHTS
• Long-Term Absolute Net Lease to Largest Denny’s Franchisee with 10+ Years Remaining and Scheduled Rent Escalations in Primary Term
• High Performing Location with 51-Year Operating History and Healthy Rent-to-Sales Ratio
• Substantial Tenant Investment In Site, Ensuring Long Term Occupancy - $440,000+ in Renovations and Improvements over Past Year
• Located Approximately 5 Miles from Fort Bliss Army Base - El Paso’s Largest Employer with 45,376 Civilian and Military Personnel
• Robust Demographics in Surrounding Area - Population of 501,256 within 10 Mile Radius
• Prominent Retail Location Along Dyer Street Retail Corridor(29,440 AADT) 2 Miles from US-54 Arterial Junction (78,131 AADT)

For more information
Javier Tamez Martínez.
jtamez@bai-mex.com
Celular: +52 (81) 1599 75 36
# ID de Propiedad: 358038156
Podemos encontrar propiedades comerciales e industriales para invertir en cualquier ciudad y estado de estados unidos.

Attachments

P2#437107017
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Information is deemed to be correct but not guaranteed.