2240 E Lohman Ave - Storefront FOR SALE


Las Cruces, NM 88001
$2,812,823 USD
575-635-5895
2240 E Lohman Ave, Las Cruces, NM for Sale
$2,812,823 USD
Storefront - FOR SALE
1/3
null | 6.35% Cap Rate

2240 E Lohman Ave
Las Cruces, NM 88001


OVERVIEW

This retail investment opportunity is located on Lohman Avenue - the main retail corridor in Las Cruces, New Mexico. The property sits adjacent to the #1 Walgreens and McDonald’s in the market. Nearby anchor tenants include Wal-Mart Supercenter, Sprouts, Old Navy, Michael’s, and Hobby Lobby. There is potential upside with tenants paying below market rents for the trade area. The property is located within the top retail trade area of Las Cruces, which makes this investment attractive to individuals looking for long term stability • 100% occupied multi-tenant retail shopping center; property is occupied by four tenants with lattering expiration dates • Current Tenants: Top Crop Cannabis Co., Batteries Plus, Elegant Nails, Sally Beauty • Excellent visibility from E Lohman Ave - 13,790 VPD

FOR SALE DETAILS

PRICE

$2,812,823 USD

PRICE/SF

$313 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

350

LAND DETAILS

LAND ACRES

1.59 AC

LAND SF

69,260 SF

ZONING

C2

APN/PARCEL ID

02-29842

ASK ABOUT THIS PROPERTY

Jake RedfearnNAI 1st Valley Realty, Inc.More Info
575-635-5895

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Jake RedfearnNAI 1st Valley Realty, Inc.More Info
575-635-5895

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