804 S White Sands Blvd - Fast Food FOR SALE


Alamogordo, NM 88310
$1,860,000 USD
602-418-2197
804 S White Sands Blvd, Alamogordo, NM for Sale
$1,860,000 USD
Fast Food - FOR SALE
1/9
null | 6.93% Cap Rate

804 S White Sands Blvd
Alamogordo, NM 88310


HIGHLIGHTS

  • 11+ Years Remaining | Annual Increases | Options To Extend | Well Known & Established QSR Brand
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Retail Corridor | Drive-Thru Equipped | National/Credit Tenants |S. White Sands Blvd (23,100 VPD) | Excellent Visibility & Access
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, drive-thru equipped, Del Taco investment property located in Alamogordo. The tenant, Diamondback DTNM, LLC has over 11 years remaining on its lease with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2.5% annual rental increases throughout the initial term and each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Founded in 1964, Del Taco is one of the largest Mexican QSR brands in the country serving 3+ million guests each week at its nearly 600 restaurants across 17 states.

FOR SALE DETAILS

PRICE

$1,860,000 USD

PRICE/SF

$737 USD /SF

CAP RATE

6.93%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Del Taco | 11+yrs Remain Abs NNN | Annual Inc

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

C-3

APN/PARCEL ID

01N4055095065274

ASK ABOUT THIS PROPERTY

Gregory WhiteCBRE, Inc.More Info
602-418-2197

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Gregory WhiteCBRE, Inc.More Info
602-418-2197

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