829 S White Sands Blvd - Fast Food FOR SALE


Alamogordo, NM 88310
$1,289,700 USD
505-917-5514
829 S White Sands Blvd, Alamogordo, NM for Sale
$1,289,700 USD
Fast Food - FOR SALE
1/1
null | 7% Cap Rate

829 S White Sands Blvd
Alamogordo, NM 88310


HIGHLIGHTS

  • Fronts on White Sands Blvd with over 23,000 VPD
  • Located near the intersection of Hwy 70 and Hwy 54
  • High visibility location with large pylon sign
  • Nearby retailers include Walmart, KFC, Buffalo Wild Wings

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.

FOR SALE DETAILS

PRICE

$1,289,700 USD

PRICE/SF

$461 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carl's Jr

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

41

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

C-3

APN/PARCEL ID

R010279

ASK ABOUT THIS PROPERTY

Jake MechenbierFlanagan Investment Real EstateMore Info
505-917-5514

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Jake MechenbierFlanagan Investment Real EstateMore Info
505-917-5514

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