For Sale
$3,295,000

2611 Telshor BlvdLas Cruces, NM 88011

High-return restaurant investment, 7% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Las Cruces restaurant presents a compelling investment opportunity. The property, located at 2611 N Telshor Blvd, boasts a 6,321 square foot building constructed in 2006 and currently operating under a single-tenant, absolute NNN lease with 15 years remaining. The lease includes attractive 5% rent increases every five years, ensuring consistent income growth. The property's strong financial performance is evident in its 2023 sales of $3,019,132 and a 7.63% rent-to-sales ratio, generating a Net Operating Income (NOI) of $230,650 and a 7% cap rate. Significant capital improvements totaling $740,000 have been made within the last two years, encompassing a new indoor/outdoor patio, updated exterior, new flooring, bar construction, salad bar, and updated furniture, fixtures, and equipment (FF&E). The experienced management team, in place since 2006, has consistently demonstrated operational success. With a seating capacity of approximately 270, the restaurant is well-equipped to handle large events. This turnkey investment offers a secure, long-term income stream with significant upside potential. The asking price is $3,295,000.

Highlights

  • Exceptional long-term investment opportunity with a 15-year NNN lease and 7% cap rate.
  • Brand new 15-year lease to be signed at closing.
  • Absolute NNN lease; zero landlord responsibilities.
  • Attractive 5% rent increases every five years.
  • $740,000 in recent capital improvements.
  • 2023 sales: $3,019,132; 7.63% rent-to-sales ratio.

Property Details for 2611 Telshor Blvd

Property type
Retail properties, Restaurants
Square Feet
6,321 SF
Year Built
2006
Buildings
1
Stories
1

Location Insight

City
Las Cruces
County
Doña Ana
State
New Mexico
Latitude
32.345426145778
Longitude
-106.7668770617
2611 Telshor Blvd, Las Cruces, New Mexico

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2611 Telshor Blvd
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