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1155 El Paseo Rd

2,813 SF Retail Building Las Cruces, NM 88001 £781,668 (£278/SF) 6.22% Net Initial Yield

Investment Highlights

  • Hard Corner
  • Successful Location
  • Absolute Net

Executive Summary

Long Term Long John Silvers Lease. Absolute NNN, 24 years in operation at this recently remodeled location. This successful Dine-in and Drive-thru location sits on the hard corner of El Paseo Road and Utah Ave in an established business district near downtown Las Cruces and NMSU. Six (6) years remain with option to renew at four (4) additional periods of five (5) years each. Tenant is the largest franchisee of Long John Silvers , operating approximately 52 stores in the Midwest, Houston, TX and New Mexico

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,813 SF
Building Class
B
Year Built
1975
Price
£781,668
Price Per SF
£278
Net Initial Yield
6.22%
NOI
£48,628
Tenancy
Single
Number of Floors
1
Building FAR
0.10
Lot Size
0.65 AC
Zoning
C2 - Community Commercial
Parking
37 Spaces (13.15 Spaces per 1,000 SF Leased)
Frontage
133 ft on El Paseo Rd

Amenities

  • Bus Route
  • Corner Lot
  • Pylon Sign
  • Drive Thru
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Walk Score ®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Albertsons
Rent-A-Center
Planet Fitness
Grandy's
PNC Bank
Crunch
Sky Zone
WaFd Bank
Starbucks
Village Inn

PROPERTY TAXES

Parcel Number 02-07447 Improvements Assessment £111,020
Land Assessment £33,003 Total Assessment £144,023

PROPERTY TAXES

Parcel Number
02-07447
Land Assessment
£33,003
Improvements Assessment
£111,020
Total Assessment
£144,023
(575) 937-9330

Contact

  • Listing ID: 29282702

  • Date on Market: 15/08/2023

  • Last Updated:

  • Address: 1155 El Paseo Rd, Las Cruces, NM 88001

The Retail Property at 1155 El Paseo Rd, Las Cruces, NM 88001 is currently available for sale. Contact RE/MAX Classic Commercial Division for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

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1155 El Paseo Rd, Las Cruces, NM for sale Building Photo- Image 1 of 10
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1155 El Paseo Rd, Las Cruces, NM for sale Building Photo- Image 2 of 10
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1155 El Paseo Rd, Las Cruces, NM for sale Building Photo- Image 3 of 10
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1155 El Paseo Rd, Las Cruces, NM for sale Building Photo- Image 4 of 10
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1155 El Paseo Rd, Las Cruces, NM for sale Building Photo- Image 5 of 10
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1155 El Paseo Rd, Las Cruces, NM for sale Building Photo- Image 6 of 10
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1155 El Paseo Rd, Las Cruces, NM for sale Building Photo- Image 7 of 10
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1155 El Paseo Rd, Las Cruces, NM for sale Building Photo- Image 8 of 10
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1155 El Paseo Rd, Las Cruces, NM for sale Building Photo- Image 9 of 10
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© 2024 CoStar Group

1155 El Paseo Rd
(575) 937-9330 x

1155 El Paseo Rd

Eugene Heathman

(575) 937-9330

(575) 937-9330

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