1155 El Paseo Rd - Fast Food FOR SALE


Las Cruces, NM 88001
$900,000 USD
575-937-9330
1155 El Paseo Rd, Las Cruces, NM for Sale
$900,000 USD
Fast Food - FOR SALE
1/9
null | 6.91% Cap Rate

1155 El Paseo Rd
Las Cruces, NM 88001


HIGHLIGHTS

  • Hard Corner
  • Absolute Net
  • Successful Location

OVERVIEW

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

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$320 USD /SF

CAP RATE

6.91%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

CROSS STREETS

Utah

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

C2

APN/PARCEL ID

4-007-136-401-071

ASK ABOUT THIS PROPERTY

Eugene HeathmanRE/MAX Classic Commercial DivisionMore Info
575-937-9330

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Eugene HeathmanRE/MAX Classic Commercial DivisionMore Info
575-937-9330

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.