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2611 N Telshor Blvd
6,321 SF Retail Building Las Cruces, NM 88011 $3,295,000 ($521/SF) 7% Cap Rate
Investment Highlights
- LONG-TERM INVESTMENT OPPORTUNITY
- ABSOLUTE NNN INVESTMENT – ZERO landlord responsibilities
- total of $740,000 has been invested in enhancements, including a new indoor/outdoor patio, an updated exterior building finish, new flooring,etc
- BRAND NEW 15-YEAR LEASE TO BE SIGNED AT CLOSE OF ESCROW
- ATTRACTIVE 5% RENT INCREASES EVERY 5 YEARS
- 2023 STORE SALES – $3,019,132 – 7.63% rent to sales ratio
Executive Summary
License No. 19601 (NM)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Property Facts
Amenities
- Freeway Visibility
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- -
- Triple Net
- -
Ruby Tuesday, Inc., together with its subsidiaries, engages in the development, operation, and franchise of casual dining restaurants. Ruby Tuesday, Inc. has over 540 Ruby Tuesday brand restaurants in 40 states, 11 foreign countries, and Guam. Their Company-owned and operated restaurants are concentrated primarily in the Southeast, Northeast, Mid-Atlantic, and Midwest of the United States, which they consider to be their core markets.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | - | Triple Net | - |
PROPERTY TAXES
| Parcel Number | 02-28001 | Improvements Assessment | $95,675 |
| Land Assessment | $115,537 | Total Assessment | $211,212 |
PROPERTY TAXES
-
Belall Ahmed -
Chuck Evans -
Matthews Real Estate Investment Services
Presented by
2611 N Telshor Blvd
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