2223 N Main St - Retail FOR SALE


Las Cruces, NM 88001- Downtown Las Cruces
$1,717,300 USD
602-687-6700
2223 N Main St, Las Cruces, NM for Sale
$1,717,300 USD
Retail - FOR SALE
1/5
null | 6.35% Cap Rate

2223 N Main St
Las Cruces, NM 88001
Downtown Las Cruces


HIGHLIGHTS

  • 8+ Years Remaining on Triple-Net (NNN) Lease - Multi-Unit HTeaO Franchisee
  • 10% Rental Increases Every 5 Years with Multiple Renewal Options
  • Largest Iced Tea Franchise in the United States - 140 Locations with 300 in Development
  • New 2024 High-Quality Construction with a Drive-Thru
  • 125,500+ Residents in a 5-Mile Radius, Daytime Population of ±150,000
  • Immediate Proximity to the 97,000 SF Three Crosses Regional Hospital, Recently Opened in 2020, and a 65,000 SF Medical Office Building

OVERVIEW

HTeaO is a Texas-based Drive-Thru Iced Tea concept founded in Amarillo, Texas in 2009. HTeaO primarily serves Sweet and Unsweet Iced Tea with 27 unique flavors. With over 140 locations and rapid nationwide expansion, HTeaO has proven its strength as a scalable and in-demand iced tea franchise. Las Cruces is the second-most populous city in New Mexico and serves as the county seat of Doña Ana County. The city is home to an estimated 111,385 residents. Las Cruces is a thriving city surrounded by picturesque desert and conveniently located less than an hour from El Paso International Airport.

FOR SALE DETAILS

PRICE

$1,717,300 USD

PRICE/SF

$848 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

HTeaO - Largest Iced Tea Franchise in U.S.

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

C2

APN/PARCEL ID

02-29079

ASK ABOUT THIS PROPERTY

Ryan SarbinoffMarcus & MillichapMore Info
602-687-6700

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Ryan SarbinoffMarcus & MillichapMore Info
602-687-6700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.