2900 N Telshor Blvd, Las Cruces, NM 88011 - Property for Sale
Available For Sale - Retail
5,175 SF
|
Show Pricing $
AVAILABILITY DETAILS
- Size
- 5,175 SF
- Price/SF
-
Show Pricing $
- Listing ID
- SA533466
- Notes
- Highlights:
• ±5,175 SF building on ±46,541
SF of fee simple land
• Operated as an IHOP by a multi-unit franchisee
• 14 years remaining on lease, and
two five-year options
• Located immediately off of Interstate 25
and Highway 70 (approx. 32,00 VPD)
• Ample parking
• Excellent location surrounded by synergistic
national retailers such as: Sam’s Club, Starbuck’s,
AT&T, Coldstone, Kohl’s, and Lowe’s
• In close proximity to a Holiday Inn,
Motel 6, Marriot, and Hilton Hotel
Lease Abstract
Address 2900 North Telshor Blvd
Las Cruces, New Mexico
Parcel Size ±46,541 SF
Lease Commencement August 1, 2018
Lease Expiration August 31st, 2038
Net Operating Income $170,500
Next Increase 3/1/2028 $187,550
3/1/2033 $206,305
Options to Extend Two 5 year options
Option Rental Increase
Fixed
1st Option $226,936/year 2nd Option $249,630/year
Tenant Pays
Taxes, Insurance, Maintenance, &
Utilities
Roof, Wall, & Structure
Lease Type NNN
Guarantor Franchisee
First Right of Refusal None
Landlord Expense None
Percentage Rent None
- Uses
- Retail
Other Availability in this Property
| Space/Suite | Square Feet | Type | Uses | Asking Rent/Price | ||
|---|---|---|---|---|---|---|
| 5,175 SF | Sale | Retail | Show Pricing $ | chevron_right |
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.
Listing provided courtesy of
Chris Maling, Avison Young
Chris Maling, Avison Young
