208-250 Mills Ave - Retail FOR SALE


Las Vegas, NM 87701
$5,900,000 USD
505-639-1266
208-250 Mills Ave, Las Vegas, NM for Sale
$5,900,000 USD
Retail - FOR SALE
1/20
null | 7.1% Cap Rate

208-250 Mills Ave
Las Vegas, NM 87701


HIGHLIGHTS

  • Property is 74% leased. Great upside opportunity
  • Nice upside in a town with 3 colleges, a State Hospital and a University.
  • 9000 SF Padsite for sale or lease.

OVERVIEW

Popular Strip center with Big R anchor and long term national tenancy with Auto Zone and Family Dollar. FEMA just leased additional space becoming the largest tenant at the center. Owners have invested $650,000 in capital and tenant improvements with new LED lighting, sewer lines, plumbing, electrical, gas, windows, doors, and updated roof.

FOR SALE DETAILS

PRICE

$5,900,000 USD

PRICE/SF

$101 USD /SF

CAP RATE

7.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mills Plaza Shopping Center

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

327

LAND DETAILS

CROSS STREETS

NEC Mills & SR. 65

LAND ACRES

3.68 AC

LAND SF

160,301 SF

ZONING

-

APN/PARCEL ID

27020

ASK ABOUT THIS PROPERTY

Coralee QuintanaeXp RealtyMore Info
505-639-1266

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Coralee QuintanaeXp RealtyMore Info
505-639-1266

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