For Sale
$3,295,000

2611 Telshor Blvd Las Cruces, NM 88011

High-return restaurant investment, 7% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
137
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

FAQs

What type of property is this?
Retail property - High-return restaurant investment, 7% cap rate.
Where is the retail property located?
The property is located at 2611 Telshor Blvd Las Cruces, NM.
What is the asking price?
The asking price for this property is $3,295,000.
What are key features of this property?
This property features: 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.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2611 Telshor Blvd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message