7722 Paseo del Norte, El Paso, Texas 79911
Retail | 5.99% CAP | 7,188 SF
Marketing description
Prime Investment opportunity at 7722 Paseo del Norte, El Paso, Texas 79911 - a fully leased, triple net assets featuring three popular QSR tenants: Tropical Smoothie Cafe, McAlister’s Deli, and Tommy’s Korean Express. This strategically located property in the high-traffic Northwest El Paso corridor offers investors a stable, hands-off income stream. Anchored by popular dining brands, this piece of real estate combines prime location with the vibrant growth of the El Paso market, making it an ideal addition to any investment portfolio seeking long-term value and reliability.
Investment highlights
Tropical Smoothie Cafe: 10-year term @ $45.00 psf NNN, 10% rental increase every 5 years, renewal options
McAlister’s Deli: 10-year term @ $40.00 psf NNN, 10% rental increase every 5 years, renewal options
Tommy’s Korean Express: 7-year term starting @ $35.00 psf NNN, annual escalations, renewal options
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