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
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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.
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Most prominently located station in the nearby radius, with immediate access to the hard corner, signalized intersection upon exit of the I-10.
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A short 3.6 mile drive from the airport and easily accessible off Gateway Boulevard East.
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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.
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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.
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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.
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Current Operator has six years remaining in lease term.