2350 Lohman Ave Las Cruces, NM 88001
Las Cruces, NM: High-yield, 20-year lease.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
Highlights
- Fee-simple ownership of a 22,991 square foot Big Lots store in Las Cruces, NM.
- 20-year absolute NNN lease with corporate guarantee from Big Lots, Inc. (NYSE: BIG), including a 2% annual rent increase.
- Property generates a $254,370 NOI, representing a 6.25% cap rate on the $4,069,915 asking price ($177.02/sq ft).
- Situated on an 82,218 square foot lot, offering potential for future development.
- Currently 100% occupied and offered as a 1031 exchange opportunity, free and clear of financing.
Property Details for 2350 Lohman Ave
- Property type
- Retail properties, Grocery and convenience stores
- Square Feet
- 22,991 SF
Location Insight
- City
- Las Cruces
- County
- Doña Ana
- State
- New Mexico
- Latitude
- 32.3120229
- Longitude
- -106.7486202
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - Las Cruces, NM: High-yield, 20-year lease.
- Where is the retail property located?
- The property is located at 2350 Lohman Ave Las Cruces, NM.
- What is the asking price?
- The asking price for this property is $4,069,915.
- What are key features of this property?
- This property features: Fee-simple ownership of a 22,991 square foot Big Lots store in Las Cruces, NM.; 20-year absolute NNN lease with corporate guarantee from Big Lots, Inc. (NYSE: BIG), including a 2% annual rent increase.; Property generates a $254,370 NOI, representing a 6.25% cap rate on the $4,069,915 asking price ($177.02/sq ft).
- How can I contact the broker?
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