1475 S Valley Dr - Fast Food FOR SALE


Las Cruces, NM 88005
$2,796,300 USD
602-682-8175
1475 S Valley Dr, Las Cruces, NM for Sale
$2,796,300 USD
Fast Food - FOR SALE
1/5
null | 5.4% Cap Rate

1475 S Valley Dr
Las Cruces, NM 88005


HIGHLIGHTS

  • New Dutch Bros building with double lane drive under construction - opening May 2024
  • Minimal Landlord Responsibilities
  • New Mexico State University – Las Cruces Campus with over 14,700 students is located within 2-miles
  • High traffic intersection (36,584 CPD) within 600 ft; I-10 Fwy (31,172 CPD) within ½ mile
  • 67,642 population and 33,566 employees in 3-mile radius
  • Las Cruces-El Paso MSA generates $33 Billion of annual GDP and has a population of 1,095,532

OVERVIEW

Velocity Retail Group is pleased to offer this Dutch Bros Coffee net leased investment property located at 1475 S Valley Dr, Las Cruces, NM 88005 (the “Property”). The +/- 950 SF single tenant drive-thru building is on +/- 28,320 SF street frontage parcel. The Dutch Bros corporate lease includes minimal landlord property maintenance responsibilities. New Mexico State University – Las Cruces campus, with over 14,794 enrolled students, is located within 2-miles from the Property. Las Cruces High School, with 1,830 students, is located within 1.5 miles. In the 3-mile radius of the Property, the population is 67,642 with an AHHI of $59,004 and median age of 32.1 years. The youthful local population forms an ideal part of the Dutch Bros customer base. The Property is located within a half mile of Interstate 10 (31,172 CPD) and fronts S Valley Dr (18,377 CPD). Hwy 28 (18,207 CPD) is within six hundred feet of the Property. Walmart Supercenter, Albertsons, McDonalds, Planet Fitness, Circle K, and other national retailers located nearby the Property draw a steady stream of consumers to the immediate trade area. The El Paso-Las Cruces MSA generates $33 Billion annual GDP and has a population of 1,095,532. Many aerospace corporations have a significant presence in Las Cruces. Holloman Air Force Base (21,000 Air Force and DoD personnel) and NASA’s White Sands Test facility are within commuter distance of Las Cruces. Other Las Cruces area major employers include Lockheed Martin, General Dynamics Information Technology, Peraton Communications, Space and Technology Solutions, New Mexico State University and Jacobs Engineering. Within a 3-mile of the Property there are 3,737 businesses with 33,566 employees.

FOR SALE DETAILS

PRICE

$2,796,300 USD

PRICE/SF

$2,943 USD /SF

CAP RATE

5.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dutch Bros. Coffee

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,320 SF

ZONING

-

APN/PARCEL ID

02-42313

ASK ABOUT THIS PROPERTY

Eli CastronovaVelocity Retail GroupMore Info
602-682-8175

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Eli CastronovaVelocity Retail GroupMore Info
602-682-8175

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