Taco Bell | 12367 Pellicano Dr
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Taco Bell 12367 Pellicano Dr
2,283 SF Retail Building El Paso, TX 79928 $2,577,217 CAD ($1,129 CAD/SF) 4.40% Cap Rate
Investment Highlights
- Abs NNN | 20yr GL | Low $80k Rent | Excellent Demographics
Executive Summary
Brand-New Construction, 20-year NNN Ground Lease with four five-year options
10% rent increases every 5 years provide a hedge against inflation
Strong Corporate Tenant – the corporate lease is backed by Yum Brands Inc., a globally recognized tenant with over 59,000 locations and a BB+/Ba2 credit rating from S&P and Moody’s
Excellent Access and Visibility – located at the signalized intersection of Joe Battle Blvd and Pellicano Drive with a combined traffic count of over 46,000 VPD. Joe Battle Blvd is the frontage road for TX Loop 375 which carries over 104,100 VPD.
Densely Populated and Affluent Trade Area with over 12,300 residents within a 1-mile with an average household income over $104,800, projected to increase to over $120,400 by 2029
Taco Bell is situated in a new ~30-acre mixed-use development, Monteverde, on the rapidly growing East side of El Paso
Monteverde’s anchor tenant, Alamo Drafthouse Cinema—ranked first in visits among all Texas Alamo Drafthouse locations, according to Placer.ai—will serve as a key driver of retail traffic, expected to increase as the surrounding area develops.
Sony’s acquisition of Alamo Drafthouse from Altamont Capital Partners, Fortress Investment Group, and founder Tim League aligns with its strategy to expand into the experiential entertainment space.
The El Paso area is in the midst of a record-setting warehouse and distribution construction boom of huge, multimillion-dollar warehouse/distribution buildings. The boom is mostly fueled by the growing manufacturing industry across the border in Juárez.
½ mile east of Americas High School (~2,450 students)
1 mile south of University Medical Center of El Paso, an acute care teaching hospital with 354 patient beds and home to the region’s only Level 1 trauma center
4 miles north of a new Amazon Fulfillment Center, a 5-story facility completed in 2021 with over 2.6 million square feet and approximately 700 employees, one of the company’s largest in the US
Income Tax-Free State – Texas in an income tax free state
10% rent increases every 5 years provide a hedge against inflation
Strong Corporate Tenant – the corporate lease is backed by Yum Brands Inc., a globally recognized tenant with over 59,000 locations and a BB+/Ba2 credit rating from S&P and Moody’s
Excellent Access and Visibility – located at the signalized intersection of Joe Battle Blvd and Pellicano Drive with a combined traffic count of over 46,000 VPD. Joe Battle Blvd is the frontage road for TX Loop 375 which carries over 104,100 VPD.
Densely Populated and Affluent Trade Area with over 12,300 residents within a 1-mile with an average household income over $104,800, projected to increase to over $120,400 by 2029
Taco Bell is situated in a new ~30-acre mixed-use development, Monteverde, on the rapidly growing East side of El Paso
Monteverde’s anchor tenant, Alamo Drafthouse Cinema—ranked first in visits among all Texas Alamo Drafthouse locations, according to Placer.ai—will serve as a key driver of retail traffic, expected to increase as the surrounding area develops.
Sony’s acquisition of Alamo Drafthouse from Altamont Capital Partners, Fortress Investment Group, and founder Tim League aligns with its strategy to expand into the experiential entertainment space.
The El Paso area is in the midst of a record-setting warehouse and distribution construction boom of huge, multimillion-dollar warehouse/distribution buildings. The boom is mostly fueled by the growing manufacturing industry across the border in Juárez.
½ mile east of Americas High School (~2,450 students)
1 mile south of University Medical Center of El Paso, an acute care teaching hospital with 354 patient beds and home to the region’s only Level 1 trauma center
4 miles north of a new Amazon Fulfillment Center, a 5-story facility completed in 2021 with over 2.6 million square feet and approximately 700 employees, one of the company’s largest in the US
Income Tax-Free State – Texas in an income tax free state
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,283 SF
Year Built
2025
Construction Status
Under Construction
Price
$2,577,217 CAD
Price Per SF
$1,129 CAD
Cap Rate
4.40%
NOI
$113,398 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Land Acres
0.86 AC
Zoning
C-4 C: Commercial
Parking
37 Spaces (16.21 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Restaurant
- Drive Thru
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Taco Bell
- Accommodation and Food Services
- 2,283 SF
- $49.67 CAD
- Net
- Oct 2044
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Taco Bell | Accommodation and Food Services | 2,283 SF | $49.67 CAD | Net | Oct 2044 |
PROPERTY TAXES
| Parcel Number | M700-000-U201-0900 | Improvements Assessment | $0 CAD |
| Land Assessment | $242,282 CAD | Total Assessment | $242,282 CAD |
PROPERTY TAXES
Parcel Number
M700-000-U201-0900
Land Assessment
$242,282 CAD
Improvements Assessment
$0 CAD
Total Assessment
$242,282 CAD
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Robert Donnell -
Chuck Klein -
SRS Real Estate Partners
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Taco Bell | 12367 Pellicano Dr
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