El Paso TX - Taco Bell

Description:

• Brand-New Construction, 20-year NNN Ground Lease with four five-year options
• 10% rent increases every 5 years provide a hedge against inflation
Strong Corporate Tenant – the corporate lease is backed by Yum Brands Inc., a globally recognized tenant with over 59,000 locations and a BB+/Ba2 credit rating from S&P and Moody’s
• Excellent Access and Visibility – located at the signalized intersection of Joe Battle Blvd and Pellicano Drive with a combined traffic count of over 46,000 VPD. Joe Battle Blvd is the frontage road for TX Loop 375 which carries over 104,100 VPD.
• Income Tax-Free State – Texas in an income tax free state

• Excellent Access and Visibility – located at the signalized intersection of Joe Battle Blvd and Pellicano Drive with a combined traffic count of over 46,000 VPD. Joe Battle Blvd is the frontage road for TX Loop 375 which carries over 104,100 VPD.
• Densely Populated and Affluent Trade Area with over 12,300 residents within a 1-mile with an average household income over $104,800, projected to increase to over $120,400 by 2029
Taco Bell is situated in a new ~30-acre mixed-use development, Monteverde, on the rapidly growing East side of El Paso
• Monteverde’s anchor tenant, Alamo Drafthouse Cinema—ranked first in visits among all Texas Alamo Drafthouse locations, according to Placer.ai—will serve as a key driver of retail traffic, expected to increase as the surrounding area develops.
• Sony’s acquisition of Alamo Drafthouse from Altamont Capital Partners, Fortress Investment Group, and founder Tim League aligns with its strategy to expand into the experiential entertainment space.