Net Lease
Loomis | Secure Armored Transport & Cash Managment | Investment Grade | Absolute NNN Lease
5869 & 5873 Waycross Ave, El Paso, TX 79924
Listing Price: $2,667,717
Investment Overview
This investment offers an ideal passive opportunity with an absolute triple net lease requiring zero financial responsibilities from the landlord. Loomis is a nationally recognized cash management and secure logistics operator with an investment grade credit profile and a long history of stable performance. The lease has five years remaining on the base term and includes three five-year renewal options with rent adjusted to market rates. Located in the heart of El Paso, one of the Southwest’s most active logistics hubs, the property benefits from strong cross-border trade, access to major transportation routes, and a resilient local economy supported by a steady labor pool and major federal and defense employers. Additionally, Texas’s lack of personal and corporate income tax enhances overall investor yield and long-term return potential.
Investment Highlights
- ABSOLUTE NNN LEASE: Ideal passive investment opportunity, backed by a true triple-net lease with zero financial landlord responsibilities
- INVESTMENT-GRADE TENANT: Loomis is a nationally recognized cash-management and secure-logistics operator with an investment-grade credit profile (S&P BBB) and a long history of stable performance
- TERM & RENT INCREASES: Five years remaining on the base term, with three 5-year renewal options, where rent is to be increased to market rate
- TEXAS TAX BENEFITS: Texas has no personal or corporate income tax which enhances overall investor yield and long-term return potential
- STRATEGIC EL PASO INDUSTRIAL LOCATION: Located in one of the Southwest's most active logistics hubs fueled by cross-border trade and easy access to major transportation routes
- RESILIENT MARKET FUNDAMENTALS: El Paso's steady labor pool and diverse economy support consistent industrial demand strengthened by international commerce and major federal and defense employers
Exclusively Listed By
Broker of Record
-
Tim Speck
Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division
Net Lease
Loomis | Secure Armored Transport & Cash Managment | Investment Grade | Absolute NNN Lease
Listing Price: $2,667,717
Investment Highlights
- ABSOLUTE NNN LEASE: Ideal passive investment opportunity, backed by a true triple-net lease with zero financial landlord responsibilities
- INVESTMENT-GRADE TENANT: Loomis is a nationally recognized cash-management and secure-logistics operator with an investment-grade credit profile (S&P BBB) and a long history of stable performance
- TERM & RENT INCREASES: Five years remaining on the base term, with three 5-year renewal options, where rent is to be increased to market rate
- TEXAS TAX BENEFITS: Texas has no personal or corporate income tax which enhances overall investor yield and long-term return potential
- STRATEGIC EL PASO INDUSTRIAL LOCATION: Located in one of the Southwest's most active logistics hubs fueled by cross-border trade and easy access to major transportation routes
- RESILIENT MARKET FUNDAMENTALS: El Paso's steady labor pool and diverse economy support consistent industrial demand strengthened by international commerce and major federal and defense employers
Investment Overview
This investment offers an ideal passive opportunity with an absolute triple net lease requiring zero financial responsibilities from the landlord. Loomis is a nationally recognized cash management and secure logistics operator with an investment grade credit profile and a long history of stable performance. The lease has five years remaining on the base term and includes three five-year renewal options with rent adjusted to market rates. Located in the heart of El Paso, one of the Southwest’s most active logistics hubs, the property benefits from strong cross-border trade, access to major transportation routes, and a resilient local economy supported by a steady labor pool and major federal and defense employers. Additionally, Texas’s lack of personal and corporate income tax enhances overall investor yield and long-term return potential.
Exclusively Listed By
Broker of Record
-
Tim Speck
Executive Managing Director, Chief Revenue Officer -Texas/Mountain States/Pacific Northwest Division