Dentist and Medspa NNN Investment Property 7451 Paseo Del Norte Blvd Bureau 576 m² 100 % Loué À vendre El Paso, TX 79911 Taux de capitalisation 6 %

“The Paseo at Cimarron”
7451 Paseo Del Norte Blvd.
Retail and Office Complex

PROPERTY HIGHLIGHTS:
38,800 sq ft buildings plus 4200 leasable patios
110 Months Weighted Average Lease Term
Annual Increases In Rentals on all Leases (Annual or CPI Based)
$6.5+ Million in Tenant Improvements being constructed by Current Lease Holders
Three National Franchises – Bunda, Gyu Kaku, Basecamp Fitness
Four Medical Related Leases- Lotus Dental, Bella Paloma Medspa, Aura, Back In Action Therapy
Personal Guarantees on All Leases

The Paseo at Cimarron, a premier multi-tenant shopping center nestled in the vibrant new Cimarron area of El Paso. This highly anticipated property integrates local medical, office, and retail spaces, creating a dynamic hub for businesses and a convenient destination for visitors. Located at 7451 Paseo Del Norte, at the foothills of the majestic Franklin Mountain, The Paseo at Cimarron enjoys a prime position within the thriving Cimarron Development Area. Situated on the main corridor connecting home communities to the freeway and within a half mile of major retailers, this center offers an ideal location for multi-use development and serves as a central hub for smaller retailers and office users in El Paso.
The Paseo at Cimarron features beautiful Spanish Revival architecture, with high ceilings, large glass windows, and ample patio areas, creating an inviting and visually stunning atmosphere. The meticulous landscaping further enhances its charm, making it one of the most picturesque properties in El Paso. This exceptional shopping center spans a total of 38,800 square feet of rentable office/retail/medical spaces, complemented by 4,200 square feet of rentable outdoor patio areas.
The surrounding area offers an abundance of amenities and a strong focus on quality of life. Oversized medians feature meticulously maintained, tree-lined landscapes with numerous native plants, surpassing city standards. Paseo Del Norte Boulevard includes a connected trail system linking the Resler hike and bike trails to pocket parks in the Cimarron community and a two-acre park adjacent to Canutillo's new state-of-the-art pre-Kindergarten through 8th-grade school. Cimarron itself prioritizes smart development and walkable streets, with future plans including additional shopping, dining, recreation, and entertainment venues around the intersection of Resler and Paseo del Norte, creating a vibrant and self-sustaining community with immense growth opportunities.
Spanning 900 acres, Cimarron includes 2,236 homes, 200 acres of commercial and office space, 500 apartment units, 25 acres of parks, seven miles of bike/walk trails, and 25 acres of preserved open space. The area also boasts brand new educational, sports, and musical facilities, including a dedicated school for Cimarron residents catering to elementary and middle school-aged children. Cimarron offers a wide variety of home options in three distinct neighborhoods: Cimarron Sage, Cimarron Sky, and The Falls at Cimarron, along with upscale apartment living at Puerta Villa-Cimarron. Future residential offerings will include ridgeline single-family homes, patio homes for young professionals and active empty nesters, apartments, and townhomes. This gives The Paseo at Cimarron a large pool of potential customers to tap into all within a close proximity.