TX El Paso Cummins Inc.
14333 Gateway Boulevard W
Closing Notes
- 1031 Exchange Buyer
- Sourced a Local Buyer
Property Description
Investment Highlights
Cummins Inc. (NYSE: CMI) is an American Multi-National Corporation with Annual Revenues Exceeding $28 Billion that Designs, Manufactures, and Distributes Engines, Filtration, and Power Generation
Cummins has been Consistently Extending the Lease and Operating Successfully at this Location for 40+ Years
Absolute NNN Industrial Property – Ideal for an Investor not Local to the Market
Strong Corporate Guarantee
- Tenant has a Market Cap of $31.19 Billion and is Publicly Traded (NYSE: CMI)
- Tenant sells in Approximately 190 Countries and Territories Through a Network of More Than 600 Company-Owned and Independent Distributors and Approximately 7,200 Dealers
- E-Commerce and Recession Proof Tenant
Strong Real Estate Fundamentals
- Situated Immediately Off of Interstate 10 with Excellent Accessibility – the Texas Segment is the Longest Continuous Untolled Freeway in North America (Traffic Counts Exceed 75,000 Cars Per Day)
- Large Lot of Over 10 Acres Allowing for Expansion in the Future
- Low Price Per SF Building of $98 | Well Below Market Rents of $5.76 Per SF | Low Land Price Per SF of $8.83
- Ceiling Clear Height of 20ft | 19 Drive-In Doors | Masonry Building in Excellent Condition
Pride Of Ownership Property in El Paso, TX
- Located in a Dense Trade Area with other National Brands such as Flying J Travel Center, Petro Travel Center, Love’s Travel Stop, Outwest Express, Gamer Logistics, Doggett Freightliner, Crane Worldwide Logistics, Mobil Mini, Southwest Freight Lines, FedEx Freight, Coca-Cola, Yazaki North America, Protrans International, American Tire Distributors, and More
- Excellent Opportunity to Invest in a Tenant with a Nationwide Presence at a Location with a Long Operating History
Broker of Record: Timothy Speck, Lic. 9002994
Contact Information
James Andrews
Associate
Net Leased Properties Group
(949) 419-3302
[email protected]
License: CA 02115272
Craig Elster
Vice President Investments
Director, Net Leased Properties Group
(949) 419-3223
[email protected]
License: CA 01958307
Senior Director, National Retail Group
(949) 419-3233
[email protected]
License: CA 01438643