NNN Retail Power Center with Ground Lease For Sale

Shopping Center for Sale
Catylist Listing ID: 30153008
Property Subtypes: Strip Center
Building Size (RSF): 70,536 SF
Gross Building Area: See Agent
Gross Land Area: 257,020 SF
Sale Price: $13,280,761
Unit Price: $188.28 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.25%
Average Occupancy Rate: 100
Last Updated: 9/19/2017

Overview / Comments

Investment Highlights:
•100% occupied Multi-Tenant Retail Shopping Center - Bed Bath and Beyond, Old Navy, PetSmart, Fed-Ex Office and Texas Road House
•Located along the strongest retail corridor in Las Cruces, NM
•Current tenants are original to this power center
•Triple Net Leases with minimal Landlord responsibilities
•Excellent Tenant mix with strong historical numbers
•Possibility of one additional pad site

Property Features:
Land Size: 257,020 Sq. Ft. (5.9 Acres)
Building Size: 70,536 Sq. Ft.
Zoning: C-3 (COMMERCIAL HIGH INTENSITY)
Roof Type: Flat roofing system consisting of built-up assemblies
with tar and gravel cover
Roof Age: New roof in 2003- 5 yrs of life left
Construction Type: Structural steel with masonry and concrete
encasement
Original Build Date: 1990
Renovation Date: 2001 & 2004

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Zoning: C-3

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,614 83,637 113,610
Median Age: 31.82 34.43 34.92
Households: 6,387 34,357 45,267

Contact

Photograph of Listing Agent

Jake Redfearn

NAI 1st Valley
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