Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 9,600-square-foot, multi-tenant retail center located in El Paso, Texas. The center is currently 100 percent occupied with a mix of gross and triple-net leases, providing upside potential to a future investor by converting all leases to triple-net. Dieter Square has a tenant base of service and government tenants including Allstate Insurance, State Farm Insurance, Reign Beauty Salon & Day Spa, and the United States General Services Administration. The building was constructed in 2008 and is situated on a 0.89-acre parcel. Dieter Square is located on George Dieter Drive near the signalized intersection of George Dieter Drive and Montana Avenue, a major thoroughfare in the city. Traffic counts in front of the property are approximately 15,600 vehicles per day. The center is near many national retailers including McDonald's, Circle K, Family Dollar, Walmart, Lowe's, PetSmart, GameStop, Taco Bell, Peter Piper Pizza, Dollar Tree, and more. Dieter Square is near several school campuses, providing additional traffic to the area. The surrounding area is densely populated, with more than 226,080 residents within a five-mile radius.