1271 Amador Ave, Las Cruces, NM 88001
7,200 SF | Retail Building | Las Cruces, NM 88001 | $2,857,000 ($397/SF) | 7% Cap Rate
For Sale
Active
Asking Price $2,857,000
- Property Type
-
Retail
- Square Feet
- 7,200 SF
- Price / Square Foot
- $397
Listing Contacts
Jesse Goldsmith
Steve Julius
Chase Dorsett
- Property Info
Property Overview
Newmark Retail Capital Markets is pleased to present the opportunity to acquire Martin Tire Company, a pride of ownership 6,000 square foot tire shop with a lease guarantee by Sun Auto Tire & Service, Inc located in Las Cruces, New Mexico. The property is situated at the busy intersection of Solano Drive and Amador Avenue, exposing the Property to over ±37,000 vehicles on a daily basis. Included in this sale is an adjacent lot with a Verizon Cell Tower. Verizon pays an annual rent of $3,600 (not included in the NOI) all due in the same payment for the year.
Located at the intersection of Solano Drive and Amador Ave, Martin Tire Company is ideally situated in a densely populated, high growth submarket and includes a rent-paying Verizon Cell Tower lot. Over 37,000 vehicles per day pass the subject property. Located one mile north of New Mexico State University and nearby several Las Cruces museums, the property is also just over one mile west of Interstate 25.
Located at the intersection of Solano Drive and Amador Ave, Martin Tire Company is ideally situated in a densely populated, high growth submarket and includes a rent-paying Verizon Cell Tower lot. Over 37,000 vehicles per day pass the subject property. Located one mile north of New Mexico State University and nearby several Las Cruces museums, the property is also just over one mile west of Interstate 25.
Property Details
- Class
- B
- Year Built
- 2000
- Stories
- 1
- Property Subtype
- Vehicle Related
- Lot Size (sq. ft)
- 28,750 SF
Highlights
- Absolute NN Lease with 12.5 Years Remaining
- Located Along Major Retail Corridor
- Corporate Guarantee (Sun Auto Inc) Has Over 350 Locations in 17 States.
- 1.75% Annual Increse
- Excellent Ingress/ Egress
- Located Approximately 1 Mile North of New Mexico State University (25,300 Enrollment)
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