805 N White Sands Blvd - Freestanding FOR SALE


Alamogordo, NM 88310
$5,699,000 USD
602-682-6052
805 N White Sands Blvd, Alamogordo, NM for Sale
$5,699,000 USD
Freestanding - FOR SALE
1/9
null | 7% Cap Rate

805 N White Sands Blvd
Alamogordo, NM 88310


HIGHLIGHTS

  • 98% Leased | Options To Extend | Long Term Occupancy
  • High-Visibility Commercial Corridor | Adjacent Walgreens and Shell
  • Signalized, Hard Corner Intersection | Excellent Visibility & Access | Surrounding Retail and Landmarks
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in Bealls Center, a 40,100 SF Bealls-/Burkes-anchored neighborhood shopping center located at 805 N White Sands Blvd in Alamogordo, New Mexico. The property is 98% leased with a 3.8-year weighted average term remaining per the provided rent roll. The current tenant roster includes a mix of national/regional and service-oriented users such as Bealls, Pet Sense, Hibbett Sporting Goods, H&R Block, and additional locally oriented small-shop tenants. Five of the seven tenants have remaining renewal options, and multiple tenants are currently in renewal option periods, supporting durable in-place cash flow with embedded long term income stability.

FOR SALE DETAILS

PRICE

$5,699,000 USD

PRICE/SF

$158 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bealls Anchored Center | 98% Leased

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

158

LAND DETAILS

LAND ACRES

3.06 AC

LAND SF

133,294 SF

ZONING

M-2

APN/PARCEL ID

01N4055094065222

ASK ABOUT THIS PROPERTY

Chris Abdayem, CCIMSRS Real Estate PartnersMore Info
602-682-6052

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Chris Abdayem, CCIMSRS Real Estate PartnersMore Info
602-682-6052

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