Price Upon Request
Commercial Property for Sale in South Holland Illinois 60473
South Holland, Illinois
Soft OfferCommercial Property for Sale in Las Cruces New Mexico 88011
2900 N Telshor Blvd, Las Cruces, New Mexico 88011
$1,895,000
$366 / sq ft 9% cap rate Listed Oct 31, 2024
5,175 sqft
Building
46,541 sqft
Lot
1994
Built
1
Stories
1
Units
Class B
Class
About this property
Commercial Property for Sale in Las Cruces New Mexico 88011 is a retail for sale in Las Cruces, New Mexico, listed at $1,895,000. Key details: year built 1994, building size 5,175 sqft, lot size 46,541 sqft, stories 1. Listed by Chris Maling of Avison Young on LoopingCloud and last updated October 31, 2024.
Avison Young is pleased to present the opportunity to acquire the single-tenant IHOP on fee simple land located at 2900 North Telshor Boulevard in Las Cruces, New Mexico. The subject property is located off of Interstate 25 and Highway 70, in an area with a high density of hotels and National Credit Tenant retailers. IHOP currently has 14 years remaining on the lease with two, five-year options to exercise. This is an excellent opportunity to acquire a stable investment operated by a multi-unit franchisee. This location is currently part of a five-property portfolio. All five IHOP locations are for sale and can be purchased as a portfolio if desired. Contact brokers for more information.
Key highlights
- Absolute NNN
- IHOP
- Ample parking
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Year Built
- 1994
- Building Size
- 5,175 sqft
- Lot Size
- 46,541 sqft
- Stories
- 1
- Total Units
- 1
- Building Class
- Class B
- Property Status
- Normal Sale
- Building Status
- Existing
Pricing details
- Net Operating Income
- $170,500
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
9%
Cap rate
$170,500
Net operating income
$366
Price per sq ft
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $1,895,000 | 9% | - | - | - |
Features and amenities
Prominent Tenants
- Absolute NNN
- IHOP
Property Features
- Ample parking
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)
- Excellent location surrounded by synergistic national retailers such as: Sam’s Club, Starbucks,AT&T, Coldstone, Kohl’s, and Lowe’s In close proximity to a Holiday Inn, Motel 6, Marriot, and Hilton Hotel
Location
Address as shown by the lister.
Get directionsAbout this area - Las Cruces
- Population
- 17,585
- Housing units
- 8,000
- Land area
- 144.2 sq mi
- County
- Dona Ana
Neighborhood
Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.
Documents, links and contacts
Frequently asked questions
What is the asking price of Commercial Property for Sale in Las Cruces New Mexico 88011?
Commercial Property for Sale in Las Cruces New Mexico 88011 is listed at $1,895,000. That works out to about $366 per square foot. The stated cap rate is 9%.
Where is Commercial Property for Sale in Las Cruces New Mexico 88011 located?
The property is in 2900 N Telshor Blvd, Las Cruces, New Mexico 88011, Dona Ana County.
What type of property is this?
This is a retail for sale in the commercial category.
How big is the property?
The building is 5,175 sqft. The lot is 46,541 sqft.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Chris Maling of Avison Young listed this property. Use the Request Info button to send a message or call +1 (213) 618-3824.
When was this listing published?
It was published on October 31, 2024 and last updated on October 31, 2024.
Listing information
- Listing ID
- CL-New Mexico-12650
- Published
- Oct 31, 2024
- Last updated
- Oct 31, 2024
- Views
- 246
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