TFS Properties is proud to present 5,400 SF of free-standing mixed-use retail / restaurant space on the corner of Montana Ave. & Lee Trevino Dr. (50,000+ VPD), a major thoroughfare in El Paso, TX. Built in 2005, property is zoned C1 & fully entitled for bar & restaurant use – a vital driver for significantly increasing restaurant sales.
There will be strong demand for this location, considering the opportunity to acquire the subject property off-market & the new highway to be constructed will provide upside with increased traffic counts. An express ATM machine is currently being negotiated by a local credit union. There is no other highway, aside from the parallel 10-Freeway, to provide local residents a reasonable commute towards the east side of town. Formerly owned by the US Department of Defense, 1200 acres across Montana Ave. has recently been acquired by an unknown entity for the purpose of real estate development.
This experienced restaurant operator knows exactly what is needed and is willing to initiate the lease immediately during the tenant improvement period. Construction team & architectural renderings with itemized costs are fully in place!
Edward Weng | Sr. Real Estate Consultant
El Paso, TX
Asking Price: $1,250,000
Cap Rate: 9.5%+
Lease Term: 10-Year / NNN
Building SF: 5,400
Lot SF: 43,560
Price Per Unit: $181,500
Price Per SF: $231.48