For Sale
$2,000,000

4161 White Sage ArcLas Cruces, NM 88012

Bank Ground Lease, High NOI, Excellent Location

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 20-year ground lease for a 0.62-acre parcel in Las Cruces, New Mexico, currently occupied by Nusenda Credit Union, New Mexico's largest credit union. The lease commenced July 1, 2023, and has a remaining term of approximately 18.6 years, expiring June 30, 2043. The property boasts a strong 5.00% cap rate and a Net Operating Income (NOI) of $100,000, reflecting a stable and high-performing asset. Located at 4161 White Sage Arc, 88012, this single-tenant retail property enjoys 100% occupancy and benefits from a high-traffic location. The site is strategically positioned between Metro Verde and Sonoma Ranch, two of Las Cruces' largest master-planned communities, ensuring consistent customer traffic. Nearby amenities include a variety of national retailers and restaurants such as Burger King, Jack in the Box, Dairy Queen, and more, further enhancing the property's visibility and appeal. A Walmart Supercenter anchored shopping center is conveniently located just one mile away. This presents a compelling investment opportunity with significant long-term potential in a thriving New Mexico market. The asking price is $2,000,000.

Highlights

  • Exceptional 0.62-acre Las Cruces, NM investment opportunity.
  • 20-year ground lease with Nusenda Credit Union (commenced 7/1/2023, expires 6/30/2043).
  • Strong 5.00% cap rate and $100,000 NOI.
  • High-traffic location in a single-tenant retail building with 100% occupancy.
  • Strategically positioned between Metro Verde and Sonoma Ranch master-planned communities, near major retailers.
  • Asking price: $2,000,000.

Property Details for 4161 White Sage Arc

Property type
Retail properties, Banks
Lot Size (sq. ft)
27,007 SF

Location Insight

City
Las Cruces
County
Doña Ana
State
New Mexico
Latitude
32.3702287
Longitude
-106.7409195
4161 White Sage Arc, Las Cruces, New Mexico

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4161 White Sage Arc
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