4312-4320 Montana Avenue Retail Strip
Property Details
Offering Price:
Gross Leasable Area:
# of Tenants:
Lot Size:
Year Built:
$900,000
9,095 sqft
6
0.48 Acres
1977
Retail
4312-4320 Montana Avenue, El Paso, Texas 79903
$900,000
Listing Price
$99
Price/Gross SF
Highlights
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LOCATED DIRECTLY OFF PATRIOT FREEWAY/ US-54
Directly off the US Highway 54 (Patriot Freeway) at Gateway Boulevard North with an average AADT of 94,000 vehicles per day. Also just north of the I-10, the southernmost cross-country Interstate Highway in America, stretching from coast to coast and carries an approximate 230,000 vehicles per day AADT.
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FULLY OCCUPIED RETAIL STRIP CENTER
Well-performing strip center with majority family-owned businesses providing daily needs products and services.
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BELOW MARKET RENTS - ADD VALUE OPPORTUNITY
A combined rental rate averaging an extremely low $8.47 annually per square foot, inclusive of Common Area NNN expenses, attributes to low overhead costs and enables maximum tenant retention.
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HIGH DENSITY POPULATION
Nearly 98,000 residents surround the Subject Property within a 3-mile radius, in addition to being located less than three miles from the US-Mexico Border which creates a continuing thoroughfare between Mexico towards Central Texas as well as Southern New Mexico.
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EXCELLENT FRONTAGE ALONG MONTANA AVENUE
Highly visible strip center with 162 feet of frontage along high traffic Montana Avenue with 24,000 vehicles per day AADT.
