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2900 N Telshor Blvd

5,276 SF Retail Building Las Cruces, NM 88011 $1,895,000 ($359/SF) 9% Cap Rate

Restaurants New Mexico Las Cruces 2900 N Telshor Blvd, Las Cruces, NM 88011

Investment Highlights

  • ±5,175 SF building on ±46,541 SF of fee simple land
  • Located immediately off of Interstate 25 and Highway 70 (approx. 32,00 VPD)
  • Operated as an IHOP by a multi-unit franchisee
  • Excellent location surrounded by synergistic national retailers

Executive Summary

Avison Young is pleased to present the opportunity to acquire the single-tenant IHOP on fee simple land located at 2900 North Telshor Boulevard in Las Cruces, New Mexico. The subject property is located off of Interstate 25 and Highway 70, in an area with a high density of hotels and National Credit Tenant retailers. IHOP currently has 14 years remaining on the lease with two, five-year options to exercise. This is an excellent opportunity to acquire a stable investment operated by a multi-unit franchisee. This location is currently part of a five-property portfolio. All five IHOP locations are for sale and can be purchased as a portfolio if desired. Contact brokers for more information.

Attachments

2900 N Telshor Blvd Las Cruces NM - OM

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,276 SF
Building Class
B
Year Built
1996
Price
$1,895,000
Price Per SF
$359
Cap Rate
9%
NOI
$170,550
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.07 AC
Zoning
M1C
Frontage
252 FT on N Telshor Blvd

Amenities

  • Freeway Visibility

Links

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Nearby Major Retailers

Starbucks
IHOP
Curves
Ruby Tuesday
Dutch Bros
Blake's LotaBurger

PROPERTY TAXES

Parcel Number 02-24499 Improvements Assessment $92,895
Land Assessment $139,623 Total Assessment $232,518

PROPERTY TAXES

Parcel Number
02-24499
Land Assessment
$139,623
Improvements Assessment
$92,895
Total Assessment
$232,518
(213) 618-3824

Contacts

  • Listing ID: 31049324

  • Date on Market: 2/26/2024

  • Last Updated:

  • Address: 2900 N Telshor Blvd, Las Cruces, NM 88011

More public record information on 2900 N Telshor Blvd, Las Cruces, NM 88011

The Retail Property at 2900 N Telshor Blvd, Las Cruces, NM 88011 is currently available for sale. Contact Avison Young for more information.

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2900 N Telshor Blvd
(213) 618-3824 x

2900 N Telshor Blvd

1/2

Christopher Maling

(213) 618-3824

(213) 618-3824

David Maling

(213) 453-1770

(213) 453-1770

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