Carl's Jr | 829 S White Sands Blvd
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Carl's Jr 829 S White Sands Blvd
2,800 SF 4-Star Retail Building Alamogordo, NM 88310 $1,289,700 ($461/SF) 7% Cap Rate
Investment Highlights
- Fronts on White Sands Blvd with over 23,000 VPD
- High visibility location with large pylon sign
- Located near the intersection of Hwy 70 and Hwy 54
- Nearby retailers include Walmart, KFC, Buffalo Wild Wings
Executive Summary
Flanagan Investment Real Estate and Stammel Commercial are pleased to offer for sale a single-tenant, absolute NNN lease Carl’s Jr in Alamogordo, NM. Alamogordo is located in Southern New Mexico and is home to Holloman Air Force Base and White Sands National Monument. The asset is on White Sands Blvd which is the main thoroughfare in Alamogordo with traffic counts exceeding 23,000 vehicles
per day.
This is a proven trade area with synergy from neighboring tenants including Walmart, McDonald’s, Buffalo Wild Wings, and Wendy’s among many others. Carl’s Jr is operating in an approximately +/-2,800 sq. ft. building situated on about +/-0.45 acres.
The Tenant is operating under an absolute NNN lease with zero landlord responsibilities. This is a fee simple deal which includes both land and building. The franchisee of this location is a multi-unit operator with 14 locations located across southern New Mexico and El Paso.
This investment benefits from the long-term lease, passive lease structure, and its exceptional location. The site is located on the main thoroughfare in Alamogordo surrounded by numerous retailers and employers. The passive nature of the lease combined with the strong real estate fundamentals make this property an opportunity on which an investor can capitalize for the foreseeable future.
per day.
This is a proven trade area with synergy from neighboring tenants including Walmart, McDonald’s, Buffalo Wild Wings, and Wendy’s among many others. Carl’s Jr is operating in an approximately +/-2,800 sq. ft. building situated on about +/-0.45 acres.
The Tenant is operating under an absolute NNN lease with zero landlord responsibilities. This is a fee simple deal which includes both land and building. The franchisee of this location is a multi-unit operator with 14 locations located across southern New Mexico and El Paso.
This investment benefits from the long-term lease, passive lease structure, and its exceptional location. The site is located on the main thoroughfare in Alamogordo surrounded by numerous retailers and employers. The passive nature of the lease combined with the strong real estate fundamentals make this property an opportunity on which an investor can capitalize for the foreseeable future.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,800 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2012
Price
$1,289,700
Price Per SF
$461
Cap Rate
7%
NOI
$90,335
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Land Acres
0.45 AC
Zoning
C-3
Parking
41 Spaces (14.64 Spaces per 1,000 SF Leased)
Frontage
222 FT on S White Sands Blvd
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R010279 | Improvements Assessment | $197,327 |
| Land Assessment | $51,667 | Total Assessment | $248,994 |
PROPERTY TAXES
Parcel Number
R010279
Land Assessment
$51,667
Improvements Assessment
$197,327
Total Assessment
$248,994
-
Jake Mechenbier -
Cole Flanagan -
Flanagan Investment Real Estate
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Carl's Jr | 829 S White Sands Blvd
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