7451 Paseo del Norte, El Paso, TX 79911 For Sale

Building C | The Paseo at Cimarron

7451 Paseo Del Norte Blvd, El Paso, TX | 6,200 SF | 100% Leased NNN Restaurant Investment

Discover a premier, hands-off investment opportunity in Building C—a 6,200 SF, fully leased restaurant property nestled within The Paseo at Cimarron, a Class A, 38,800 SF mixed-use center in the vibrant heart of El Paso's Cimarron master-planned community. This is the ultimate "set it and forget it" asset: 100% occupied by two top-tier restaurant tenants under NNN leases featuring annual rent escalations, ensuring reliable, low-maintenance cash flow with virtually no owner involvement.

Cimarron stands out as one of El Paso's most desirable master-planned communities, perched on the Westside in the scenic foothills of the Franklin Mountains. Residents enjoy seamless access to preserved open spaces and extensive trail systems bordering Franklin Mountains State Park. As the community expands toward its full buildout of over 2,000 homes, it fosters a thriving, supply-limited trade area with steady household growth and strong demand for upscale retail and dining experiences. Strategically located along Paseo Del Norte—the community's primary commercial artery—Building C benefits from exceptional visibility, high traffic, and easy connectivity to Resler Drive and I-10.

A key advantage: Building C is offered with fee simple title (not a condominium interest), yet it leverages a professionally managed Commercial Owners Association (COA) for shared upkeep. The COA handles common area maintenance, landscaping, and parking lot operations, maintaining the center's pristine Class A standards while passing costs back to tenants through NNN reimbursements. This structure mitigates owner risks like liabilities and compliance issues, achieves economies of scale for cost-effective services, and preserves long-term asset value through proactive upkeep—delivering the perks of true ownership, including appreciation potential and control, without the hassles of daily management or added overhead.

Tenants are locked in at below-market rents with built-in escalations, paving the way for significant mark-to-market upside as leases mature. They've collectively poured over $1,000,000 into premium interior finishes, expansive patios, and state-of-the-art kitchen infrastructure, signaling strong commitment and creating substantial barriers to entry for competitors.

Anchor tenant China Town has rapidly emerged as a regional hotspot, drawing crowds with its inviting indoor dining and lively outdoor patio—boosting foot traffic, site vitality, and long-term property value.

From an investor's perspective, Building C promises resilient cash flow in El Paso's booming Westside corridor, complemented by attractive tax benefits through depreciation (and possible accelerated depreciation via cost segregation study—consult your CPA). This newly built, high-caliber asset combines stability, growth, and efficiency in one compelling package.