4520 N Sonoma Ranch Blvd - Freestanding FOR SALE
Las Cruces, NM 88011 |
$2,999,999 USD
818-259-0476
4520 N Sonoma Ranch Blvd
Las Cruces, NM 88011
HIGHLIGHTS
- A fully passive investment with zero landlord responsibilities, as the tenant directly covers all operating expenses.
- A scheduled seven percent (7.0%) rent increase in June 2027 strengthens the asset’s income profile.
- This Popeyes location ranks among the best performing stores in New Mexico and nationally, placing #2 out of 14 locations statewide.
- Secured by a brand-new twenty (20) year lease with approximately sixteen (16) years of firm term remaining.
- Equipped with a double drive thru, the property is built for maximum order volume and peak-hour efficiency.
- Delivered in 2021, the building reflects Popeyes’ newest design standards, modern branding, and an efficient operational layout.
FOR SALE DETAILS
PRICE
$2,999,999 USD
PRICE/SF
$896 USD /SF
CAP RATE
5.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Popeyes
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Fast Food, Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2021
SPRINKLERS
-
PARKING SPACES
35
LAND DETAILS
LAND ACRES
1.07 AC
LAND SF
46,609 SF
ZONING
C-3
APN/PARCEL ID
02-42387
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818-259-0476
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818-259-0476
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