Offering Memorandum
Highlights
- 12.75+ Years Remaining on an Absolutely Triple-Net (NNN) Lease with Zero Landlord Responsibilities. The Lease Features 1.75% Annual Increases and 4 x5-Year Renewal Options.
- Corporate Guaranty from GB Auto Service, Inc, a portfolio company of Greenbriar Equity Group. GB Auto has grown through the acquisition of multiple brands throughout Arizona, Nevada, and Texas
- Direct Frontage to Primary El Paso MSA (Borderplex) Thoroughfare, Montana Ave which sees over 45,500 VPD. Montana Ave (US 62) Connects El Paso to Western Texas and Interstate 10.
- Adjacent to El Paso International Airport - 7th Busiest in the State of Texas which saw a Record 3.67 Million Passengers During 2022.
- El Paso, TX is the 6th most populous city in Texas and is home to a metropolitan MSA (Borderplex) of over 2.5 million people. The economy of El Paso is is powered by trade and manufacturing. 17% of all trade between the US and Mexico is done within the Borderplex MSA.
- Price: $3,077,000
- Lot Size: 0.38 AC
- Cap Rate: 6.50%
- Lease Type: Absolute Triple Net (NNN)
- Year Built: 1978
- Building SF: 6,702 SF
- Status: Active
- Guarantor: Corporate Guarantee - GB Auto Service, Inc