804 White Sands BlvdAlamogordo, NM 88310

Property Details for 804 White Sands Blvd

Year built

1975

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.29 AC

Property size (Sq ft)

3,240 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

01N4055094095237

APU

01N4055094095237

Description

This exceptional investment opportunity presents a fee-simple ownership of a Del Taco restaurant in Alamogordo, New Mexico. The 2,524 square foot building, constructed in 2016, sits on a 0.78-acre lot with 31 parking spaces and benefits from a prime location on S. White Sands Blvd, a major retail thoroughfare with 23,100 vehicles passing daily. The property boasts excellent visibility and accessibility, situated within a dense retail corridor alongside other national QSR brands like McDonald's, Burger King, and Taco Bell. The Del Taco franchisee, Diamondback DTNM, LLC, holds a 20-year absolute NNN lease (commencing July 1, 2016, and expiring June 30, 2036), with two 5-year renewal options. The lease includes 2.5% annual rent increases, ensuring consistent NOI growth. The property's strong demographics, including a 5-mile trade area population exceeding 34,800 residents and 12,400 employees, with an average household income of $71,908, further enhance its investment appeal. The current NOI is $125,835, resulting in a 6.65% cap rate. The property is zoned C-3 Business and has an APN of 01N4055095065274. This is a management-free investment opportunity with significant upside potential. The drive-thru feature adds to the property's operational efficiency and customer convenience. The established Del Taco brand, combined with the long-term lease and built-in rent increases, makes this a compelling investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $700,550

  6.5%

  $646,661

  7%

  $600,471

• Comparable approach

  Method

  Valuation

  Relative Method

  $720,142

  Geo Method

  $1,358,623

• Alternative Use

  Use

  Valuation

  Residential

  $545,483

  Hospitality

  $499,659

  Educational

  $415,711

  Medical

  $430,008

  Retail

  $646,661

Location Insight

City

Alamogordo

County

Otero

State

New Mexico

Latitude

32.898

Longitude

-105.96

CBSA code

10460

CBSA name

ALAMOGORDO, NM MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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