7451 Paseo del Norte - Building B, El Paso, TX 79911

The Paseo at Cimarron- Building B

7451 Paseo Del Norte Blvd, El Paso, TX 79911 | 9,200 SF | 100% Leased Class A Multi-Tenant Investment

Building B is a newly constructed, Class A multi-tenant property within The Paseo at Cimarron, a premier Spanish Revival–inspired retail and office destination in West El Paso. The larger development encompasses approximately 38,800 SF of building area plus 4,200 SF of leasable patio space, positioned in the center of the 900-acre Cimarron master-planned community. The property enjoys excellent visibility along Cimarron’s main commercial thoroughfare linking the community to Resler Drive and I-10, surrounded by strong co-tenancy and national retail anchors within a half-mile radius.

Cimarron is regarded as one of El Paso’s most desirable master-planned communities, home to over 2,200 single-family residences, 500 apartment units, and a substantial base of office and commercial amenities. The area is enhanced by parks, preserved open spaces, and more than seven miles of hike and bike trails, creating a walkable, lifestyle-oriented environment that drives consistent daily traffic to The Paseo. The trade area features major national brands such as Walmart, Planet Fitness, Cabela’s, Ross, HomeGoods, TJ Maxx, PetSmart, Rack Room Shoes, Chipotle, Cane’s, and Menchie’s, among others.

Building B is 100% leased to a balanced mix of service and wellness-oriented tenants that generate repeat visitation and stable performance. The tenant roster includes Back In Action Physical Therapy (3,000 SF), BUNDA (1,600 SF), Aura Beauty (1,600 SF), Las Meninas Spa (1,600 SF), and LOM Clothing (1,400 SF). The property offers a 5.1-year weighted average lease term (WALT) and a staggered rollover schedule, providing durable cash flow and minimal tenant concentration risk.

Current financials reflect $229,754 in annual NOI and $65,190 in NNN reimbursements, with 0% vacancy. Leases include average annual rent escalations of approximately 3.0%, supporting steady income growth. Further upside exists through mark-to-market potential, as current rents average $24.97/SF compared to estimated market rent of $28.00/SF, representing approximately $27,846 of loss-to-lease upon renewal.

Offered Fee Simple | Professionally Managed COA

The property is offered fee simple, subject to The Paseo’s Commercial Owners Association (COA), which provides coordinated management of common areas, landscaping, parking, and CAM operations. This structure allows investors to enjoy the advantages of direct ownership and appreciation within a professionally maintained environment—offering the efficiency of an institutional-quality asset without the operational burden of standalone property management.