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9425 Montana AveEl Paso, TX 79925
Martin Tire
Asset ClassRetail
Cap Rate6.5%
Cap Rate: 6.5%Square Feet: 6,702Weighted Average Lease Term: 12 YearsAccess Data Room
12+ Years Remaining on Absolute Triple-Net (NNN) Lease
overview of deal

Overview

Price: $3,077,000

Cap Rate: 6.50%

Tenant: GB Auto Service, Inc.

Lot Size (AC): 0.38

Building Size (SF): 6,702

Year Built: 1978

Remaining Lease Term: 12+ Years

Lease Type: Absolute Triple-Net (NNN)

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Investment Highlights

Cap Rate
6.5%
Square Feet
6,702
Weighted Average Lease Term
12 Years
  • 12.75+ Years Remaining on an Absolutely Triple-Net (NNN) Lease with Zero Landlord Responsibilities. The Lease Features 1.75% Annual Increases and 4 x 5-Year Renewal Options.
  • Corporate Guaranty from GB Auto Service, Inc, a portfolio company of Greenbriar Equity Group. GB Auto has grown through the acquisition of multiple brands throughout Arizona, Nevada, and Texas
  • Direct Frontage to Primary El Paso MSA (Borderplex) Thoroughfare, Montana Ave which sees over 45,500 VPD. Montana Ave (US 62) Connects El Paso to Western Texas and Interstate 10.
  • Adjacent to El Paso International Airport - 7th Busiest in the State of Texas which saw a Record 3.67 Million Passengers During 2022.
  • El Paso, TX is the 6th most populous city in Texas and is home to a metropolitan MSA (Borderplex) of over 2.5 million people. The economy of El Paso is is powered by trade and manufacturing. 17% of all trade between the US and Mexico is done within the Borderplex MSA.
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9425 Montana AveEl Paso, TX 79925

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