Freeway Chevron

Retail

7450 Gateway Boulevard East, El Paso, Texas 79915

$750,000
Listing Price

8.14%
CAP Rate

Highlights

Property Details

Offering Price:

Gross Leasable Area:

Term Left on Lease:

Lot Size:

Year Built:

$750,000

1,891 sqft

6 Years

0.38 Acres

1995

  • Freeway Chevron is situated adjacent to the Interstate 10 with average traffic counts exceeding 230,000 vehicles per day AADT. Direct access for passengers exiting the Interstate/ Gateway Boulevard East at Viscount Boulevard (Hunter Drive) with nearly 25,000 AADT.
     

  • Most prominently located station in the nearby radius, with immediate access to the hard corner, signalized intersection upon exit of the I-10.
     

  • A short 3.6 mile drive from the airport and easily accessible off Gateway Boulevard East.
     

  • Eight gas pumps plus a convenience store with beer sales. Additional income is derived from a billboard lease to Clear Channel Communications with a monthly rent of $1,111 plus a monthly profit-share of the ATM fee proceeds equating to roughly $250 per month.
     

  • The subject Chevron is an outparcel to Ranchland Village Shopping Center with several national tenants such as Food City, Family Dollar, T-Mobile and Whataburger.
     

  • Direct access to core retail trade center via Viscount Boulevard when exiting the I-10. Freeway Chevron is just south/west of Ross Dress for Less, Hobby Lobby, Nordstrom Rack, Dick’s Sporting Goods, Best Buy, Barnes & Noble and numerous other notable national chain retailers.
     

  • Current Operator has six years remaining in lease term.

Tel: 702-215-7125 | Cell: 702-250-3392

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