829 White Sands Blvd, Alamogordo, NM 88310
2,800 SF | 4-Star Retail Building | Alamogordo, NM 88310 | $1,450,000 ($518/SF) | 6.23% Cap Rate
For Sale
Active
Asking Price $1,450,000
- Property Type
-
Retail
- Square Feet
- 2,800 SF
- Price / Square Foot
- $518
Listing Contacts
Jake Mechenbier
Cole Flanagan
Property Overview
Flanagan Investment Real Estate and Stammel Commercial are pleased to offer for sale a single-tenant, absolute NNN lease Carl’s Jr in Alamogordo, NM. Alamogordo is located in Southern New Mexico and is home to Holloman Air Force Base and White Sands National Monument. The asset is on White Sands Blvd which is the main thoroughfare in Alamogordo with traffic counts exceeding 23,000 vehicles
per day. This is a proven trade area with synergy from neighboring tenants including Walmart, McDonald’s, Buffalo Wild Wings, and Wendy’s among many others. Carl’s Jr is operating in an approximately +/-2,800 sq. ft. building situated on about +/-0.45 acres. The Tenant is operating under an absolute NNN lease with zero landlord responsibilities. This is a fee simple deal which includes both land and building. The franchisee of this location is a multi-unit operator with 14 locations located across southern New Mexico and El Paso. This investment benefits from the long-term lease, passive lease structure, and its exceptional location. The site is located on the main thoroughfare in Alamogordo surrounded by numerous retailers and employers. The passive nature of the lease combined with the strong real estate fundamentals make this property an opportunity on which an investor can capitalize for the foreseeable future.
per day. This is a proven trade area with synergy from neighboring tenants including Walmart, McDonald’s, Buffalo Wild Wings, and Wendy’s among many others. Carl’s Jr is operating in an approximately +/-2,800 sq. ft. building situated on about +/-0.45 acres. The Tenant is operating under an absolute NNN lease with zero landlord responsibilities. This is a fee simple deal which includes both land and building. The franchisee of this location is a multi-unit operator with 14 locations located across southern New Mexico and El Paso. This investment benefits from the long-term lease, passive lease structure, and its exceptional location. The site is located on the main thoroughfare in Alamogordo surrounded by numerous retailers and employers. The passive nature of the lease combined with the strong real estate fundamentals make this property an opportunity on which an investor can capitalize for the foreseeable future.
Property Details
- Class
- A
- Year Built
- 2012
- Stories
- 1
- Lot Size (sq. ft)
- 19,602 SF
Highlights
- Single-Tenant Carl’s Jr - Absolute NNN Lease
- Original 20-year lease with just under 9 years remaining
- Fronts on White Sands Blvd with over 23,000 VPD
- Located near the intersection of Hwy 70 and Hwy 54
- Nearby retailers include Walmart, KFC, Buffalo Wild Wings, Del Taco, Denny’s, Starbucks, and Wendy’s
- High visibility location with large pylon sign
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