839 White Sands BlvdAlamogordo, NM 88310

  • Retail properties
  • 5,418 SF
For Sale
$2,480,000 View listing

Property Details for 839 White Sands Blvd

Year built
2013
Lot size
0.89 AC
Property size (Sq ft)
5,418 SF
Property type
Retail properties
Property subtype
Turn key restaurants
APN
01N4055095108319
APU
01N4055095108319

Description

This exceptional investment opportunity presents a 5,418 square foot Buffalo Wild Wings restaurant located at 839 S White Sands Blvd, Alamogordo, NM 88310. The property sits on a 0.9-acre lot and benefits from a strong location on a main retail corridor with high visibility and over 18,500 vehicles passing daily. The absolute NNN lease, with a corporate guarantee, provides zero landlord responsibility. The current lease, originally signed December 24, 2013, has a remaining term of approximately 4.1 years, with two five-year renewal options. The lease commenced in 2013 and expires December 31, 2028. The property boasts a 6.25% cap rate and a Net Operating Income (NOI) of $155,000. The asking price is $2,480,000, translating to $457.73 per square foot. Built in 2013, this 100% occupied property is situated in a thriving area with a population exceeding 34,558 within a 5-mile radius and an average household income of $60,000 within 1 mile. The area's strong food and beverage market, exceeding $108,000,000 in 2023 within a 5-mile radius, further enhances the investment potential. The proximity to Hollman AFB, home to over 21,000 military and civilian personnel, and seven hotels within a 1-mile radius, contributes to the consistent high traffic volume. Rent bumps are included in the lease options. This is a rare opportunity to acquire a well-established, high-performing asset with significant long-term growth potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,171,475
    6.5%
    $1,081,362
    7%
    $1,004,122
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,204,239
    Geo Method
    $2,271,919
  • Alternative Use

    Use
    Valuation
    Residential
    $912,169
    Hospitality
    $835,542
    Educational
    $695,161
    Medical
    $719,069
    Retail
    $1,081,362
839 White Sands Blvd, Alamogordo, New Mexico

Location Insight

City
Alamogordo
County
Otero
State
New Mexico
Latitude
32.8813
Longitude
-105.959
CBSA code
10460
CBSA name
ALAMOGORDO, NM MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$15,266
$106,667
$390,350
$497,017
-
$320,000
$1,171,050
$1,491,050

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