745 N Zaragoza Rd, El Paso, TX 79907

TOP PERFORMING LOCATION

Benefitting from scarcity as the only CVS location with a 5-mile radius, the Property ranks in the top 89% of CVS locations statewide by foot traffic, according to Placer.ai.

LONG-TERM ABSOLUTE NNN LEASE

CVS is operating under a 25-year Absolute NNN lease with (10) 5-year renewal options, potentially extending the lease through 2089. The lease also features a corporate guaranty from CVS Caremark Corporation.

DOMINANT MARKET POSITION

Located just 2.5 miles from the U.S.-Mexico border, the Property benefits from cross-shopping bolstered by both transient consumers, as well as the 204,000 residents within a 5-mile radius. The area surrounding CVS is comprised of 6.7M square feet of retail, which boasts a 97% occupancy rate.

HARD CORNER AT SIGNALIZED INTERSECTION

The Property is strategically located on a hard corner at the signalized intersection of N Zaragota Rd and N Loop Drive, which see more than 56,000 vehicles per day. Additionally, CVS is positioned just 1.5 miles from Interstate 10, a major east-west transcontinental highway that spans 2,460 miles from California to Florida.