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Auto Service - Gas-Conv

Speedway Ground Lease

13891 Horizon Blvd, Horizon City, TX 79928

Listing Price: $3,375,000

Cap Rate
4.00%
Tenant Name
Speedway LLC
Years Remaining On Lease
19.8
Gross SF
4,600
Guarantor
Corporate Guarantee
Rentable SF
4,600
Price/Gross SF
$733.70
Lease Type
NNN Ground Lease
Rent Per Square Feet
$29.35

Investment Overview

Speedway is an American convenience store and gas station chain headquartered in Enon, Ohio. It is the nation’s second largest company owned and operated convenience store chain. With over 3,800 locations 36,500 employees throughout 36 U.S. states, Speedway meets the fueling and convenience needs of over two million customers every day. Horizon City in El Paso County lies just east of El Paso City along the United States and Mexican border. With a rapidly growing population and 40,000+ square-feet of developments in the Residential, Medical, and Education sectors, Horizon City is an ideal destination for businesses. The city of El Paso is the sixth largest in Texas and the largest metro area that runs along the Texas-Mexico border and a top 20% U.S. performing economy. As one of the most expansive manufacturing centers in North America and home to the greatest bilingual and bi-cultural workforce of the Western Hemisphere, El Paso is a recognized global economic competitor undergoing continuous expansion.

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Ground Lease
  • 10% Rental Increases Every 5 Years with 5, 5 Year Renewal Options on Lease Term
  • Rapidly Growing El Paso Trade Area with 15.57% Growth Projected in Next 5 Years within 5 Miles
  • Surrounded by National Retailers - Walmart, McDonald's, Walgreens, Whataburger, Taco Bell, Panda Express, and More
  • Prime Location at Signalized Corner with 56,000+ Cars/Day along Horizon Boulevard and Darrington Road
  • Average Household Income Exceeds $82,500 within a 1-Mile Radius
  • Easy Access to Interstate 10 and El Paso MSA, a Top 20% U.S. Performing Economy
  • Increasing Residential Developments in Horizon City and El Paso Area with Over 21,000 Households and 77,000 Residents and within a 5-Mile Radius

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Auto Service - Gas-Conv

Speedway Ground Lease

Listing Price: $3,375,000

Cap Rate
4.00%
Tenant Name
Speedway LLC
Years Remaining On Lease
19.8
Gross SF
4,600
Guarantor
Corporate Guarantee
Rentable SF
4,600
Price/Gross SF
$733.70
Lease Type
NNN Ground Lease
Rent Per Square Feet
$29.35

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Ground Lease
  • 10% Rental Increases Every 5 Years with 5, 5 Year Renewal Options on Lease Term
  • Rapidly Growing El Paso Trade Area with 15.57% Growth Projected in Next 5 Years within 5 Miles
  • Surrounded by National Retailers - Walmart, McDonald's, Walgreens, Whataburger, Taco Bell, Panda Express, and More
  • Prime Location at Signalized Corner with 56,000+ Cars/Day along Horizon Boulevard and Darrington Road
  • Average Household Income Exceeds $82,500 within a 1-Mile Radius
  • Easy Access to Interstate 10 and El Paso MSA, a Top 20% U.S. Performing Economy
  • Increasing Residential Developments in Horizon City and El Paso Area with Over 21,000 Households and 77,000 Residents and within a 5-Mile Radius

Investment Overview

Speedway is an American convenience store and gas station chain headquartered in Enon, Ohio. It is the nation’s second largest company owned and operated convenience store chain. With over 3,800 locations 36,500 employees throughout 36 U.S. states, Speedway meets the fueling and convenience needs of over two million customers every day. Horizon City in El Paso County lies just east of El Paso City along the United States and Mexican border. With a rapidly growing population and 40,000+ square-feet of developments in the Residential, Medical, and Education sectors, Horizon City is an ideal destination for businesses. The city of El Paso is the sixth largest in Texas and the largest metro area that runs along the Texas-Mexico border and a top 20% U.S. performing economy. As one of the most expansive manufacturing centers in North America and home to the greatest bilingual and bi-cultural workforce of the Western Hemisphere, El Paso is a recognized global economic competitor undergoing continuous expansion.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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