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2611 N Telshor Blvd
Las Cruces, NM 88011

$3,295,000 USD

Restaurant For Sale  •  6,321 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 6,321 SF
  • Lot Size 1.14 AC
  • Building Class B
  • Year Built 2006
  • Cap Rate 7.00 %
  • Tenancy Single
  • Zoning M1
0 Transit Score
33 Walk Score

Highlights

LONG-TERM INVESTMENT OPPORTUNITY
BRAND NEW 15-YEAR LEASE TO BE SIGNED AT CLOSE OF ESCROW
ABSOLUTE NNN INVESTMENT – ZERO landlord responsibilities
ATTRACTIVE 5% RENT INCREASES EVERY 5 YEARS
total of $740,000 has been invested in enhancements, including a new indoor/outdoor patio, an updated exterior building finish, new flooring,etc
2023 STORE SALES – $3,019,132 – 7.63% rent to sales ratio

Property Flyers

Cap Rate: 7.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Ruby Tuesday

Amenities

  • Freeway Visibility

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 70
Type: Surface
Included in Rent: Yes
Belall Ahmed 925-719-9649 Matthews Real Estate Investment Services
Belall Ahmed 925-719-9649 Matthews Real Estate Investment Services