1655 Valley DrLas Cruces, NM 88005

Property Details for 1655 Valley Dr

Year built

2023

Lot size

0.39 AC

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee-simple ownership (land and building) of a 1,430 square foot Take 5 Oil Change in Las Cruces, New Mexico. The property boasts a new 15-year absolute NNN lease with a franchisee tenant, featuring six 5-year renewal options. Rent increases by 10% every five years, ensuring consistent NOI growth and inflation protection. The property, built in 2023, sits on a 0.39-acre lot with seven parking spaces and is zoned C-1: Commercial Low Intensity. The strong location at 1655 S Valley Dr, Las Cruces, NM 88005, benefits from high visibility near Interstate 10 and State Highway 28, averaging over 50,100 vehicles daily. Its proximity to a Walmart Supercenter, Mesilla Valley Mall, and New Mexico State University provides exceptional access to a substantial consumer base. The 5-mile trade area boasts over 104,900 residents and 59,000 employees, with an average household income of $73,701. The property's current NOI is $145,250, resulting in a 6.00% cap rate and an asking price of $2,421,000. This is a truly passive investment opportunity with zero landlord responsibilities, offering significant long-term returns. The property's APN is 4-007-136-092-399.

Location Insight

City

Las Cruces

County

Doña Ana

State

New Mexico

Latitude

32.2904

Longitude

-106.783

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