1155 El Paseo RdLas Cruces, NM 88001
Las Cruces QSR, Strong NOI, 6-Year Lease
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 115
Highlights
- $900,000 asking price for a 2,813 SF Long John Silver's.
- Absolute NNN lease with 6 years remaining and four 5-year renewal options.
- Hard corner location on El Paseo Road and Utah Ave in Las Cruces, near NMSU.
- Major Long John Silver's franchisee tenant operating approximately 52 stores.
- 6.91% cap rate with a $62,149 NOI.
Property Details for 1155 El Paseo Rd
- Property type
- Retail properties
- Square Feet
- 2,813 SF
- Class
- B
- Year Built/Renovated
- 1975/2018
- Buildings
- 1
- Stories
- 1
- Units
- 1
Location Insight
- City
- Las Cruces
- County
- Doña Ana
- State
- New Mexico
- Latitude
- 32.299089
- Longitude
- -106.7726964
Nearby Similar for Sale
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