For Sale
$2,914,000

4157 White Sage ArcLas Cruces, NM 88011

High-return Net Lease Investment. Strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 5,500 square foot Sherwin-Williams storefront located at 4157 White Sage Arc, Las Cruces, NM 88011. The property, built in 2023, sits on a 0.82-acre lot and boasts a 100% occupancy rate with a strong corporate guarantee from Sherwin-Williams (NASDAQ: SHW). The current lease, commenced May 31, 2023, has a remaining term of 8.5 years, expiring May 30, 2033, with 10% rent increases every five years and multiple renewal options (4 and 5-year options). The property generates a substantial net operating income (NOI) of $163,200, resulting in a compelling 5.60% cap rate. This new construction features Sherwin-Williams' newest prototype design. The location benefits from high visibility and traffic counts, exceeding 54,850 cars daily along Highway 70. It's situated near major residential developments, including Metro Verde and Sonoma Ranch master-planned communities, representing 65% of new home construction in Las Cruces. Furthermore, the property enjoys proximity to a Walmart-anchored shopping center with tenants such as Dollar Tree, Panda Express, Dutch Bros Coffee, and Walgreens. The surrounding area has a population of 97,674 within a 5-mile radius, projected to grow by 6% by 2028. The property also includes a 10-year roof warranty. This is a rare opportunity to acquire a high-performing, net-leased retail property with a blue-chip tenant in a rapidly growing market.

Highlights

  • 9-year lease remaining with corporate Sherwin-Williams (NASDAQ: SHW) guarantee and 10-year roof warranty.
  • 10% rent increases every 5 years with multiple renewal options.
  • Sherwin-Williams' strong financial performance (2023 revenue over $23 billion, 17.5% EBITDA increase).
  • New 2023 construction featuring Sherwin-Williams' latest prototype design.
  • 97,674 residents within a 5-mile radius, projected 6% growth by 2028.
  • Prime location near Metro Verde and Sonoma Ranch master-planned communities (65% of Las Cruces' new home construction).

Property Details for 4157 White Sage Arc

Property type
Retail properties, Retail space
Square Feet
5,500 SF
Year Built
2023
Lot Size (sq. ft)
35,719 SF

Location Insight

City
Las Cruces
County
Doña Ana
State
New Mexico
Latitude
32.3702002
Longitude
-106.7408955
4157 White Sage Arc, Las Cruces, New Mexico

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4157 White Sage Arc
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