2230 N Telshor Blvd - Freestanding FOR SALE


Las Cruces, NM 88011
$6,700,000 USD
702-449-1180
2230 N Telshor Blvd, Las Cruces, NM for Sale
$6,700,000 USD
Freestanding - FOR SALE
1/12
null | 6.99% Cap Rate

2230 N Telshor Blvd
Las Cruces, NM 88011


HIGHLIGHTS

  • Fresh 10-Year Term With Fixed Rental Increases
  • Sportsman’s Warehouse is publicly traded (NASDAQ: SPWH)
  • Frontage along I-25 and N. Telshor Blvd. with combined traffic counts of ±63,137 VPD
  • Excellent visibility and pylon signage from US-70 Freeway (±40,474 VPD)
  • Nearby national co-tenants include Sam’s Club, Lowe’s, Kohl’s, Telshor Allen Theatres, and Starbucks

OVERVIEW

Colliers is pleased to exclusively represent a single-tenant, net-leased Sportsman’s Warehouse located in Las Cruces, NM. This ±26,763 SF freestanding building is strategically located off of the I-25 and N. Telshor Boulevard with combined traffic counts of ±63,137 VPD. Sportsman’s Warehouse (NASDAQ: SPWH) is an outdoor specialty retailer that carries outdoor sporting gear, gunsmithing, and supplies for camping, hiking and birdwatching. The property benefits from a recently renewed NNN lease for a fresh 10-year term, and two (2) 5-Year options with fixed rent increases. With excellent access, signage, and visibility, the trade area is surrounded by well-recognized national co-tenants such as Sam’s Club, Lowe’s, Kohl’s, Telshor Allen Theatres, Starbucks, and several Hilton and Marriott hotels. The subject property services ±160,329 residents with an average annual household income of ±$83,074 within a 10-mile radius and is located in one of the most vital shopping and business districts in the region. The asset is just 4-miles away from New Mexico State University (±15,400 students) and the Pan American Center with ±13,140 stadium capacity. The El Paso-Las Cruces MSA is a vibrant part of the local economic region and boasts a combined population of over ±2.7 million residents and more than $45 billion in annual GDP.

FOR SALE DETAILS

PRICE

$6,700,000 USD

PRICE/SF

$250 USD /SF

CAP RATE

6.99%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sportsman's Warehouse

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Residential, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.52 AC

LAND SF

109,837 SF

ZONING

-

APN/PARCEL ID

4-008-133-181-172

ASK ABOUT THIS PROPERTY

Adam MalanColliersMore Info
702-449-1180

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Adam MalanColliersMore Info
702-449-1180

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