Carl's Jr | Absolute NNN Lease
Low Price Point | Fee Simple (Land + Building)
Marketing description
Flanagan Investment Real Estate is pleased to offer for sale a single-tenant, absolute NNN lease Carl’s Jr in Alamogordo, NM. Alamogordo is located in Southern New Mexico and is home to Holloman Air Force Base and White Sands National Monument. The asset is on White Sands Blvd which is the main thoroughfare in Alamogordo with traffic counts exceeding 23,000 vehicles per day.
This is a proven trade area with synergy from neighboring tenants including Walmart, McDonald’s, Buffalo Wild Wings, and Wendy’s among many others. Carl’s Jr is operating in an approximately +/-2,450 sq. ft. building situated on about +/-0.45 acres.
The Tenant is operating under an absolute NNN lease with zero landlord responsibilities. This is a fee simple deal which includes both land and building. The franchisee of this location is a multi-unit operator with 14 locations located across southern New Mexico and El Paso.
This investment benefits from the long-term lease, passive lease structure, and its exceptional location. The site is located on the main thoroughfare in Alamogordo surrounded by numerous retailers and employers. The passive nature of the lease combined with the strong real estate fundamentals make this property an opportunity on which an investor can capitalize for the foreseeable future.
Investment highlights
Single-Tenant Carl’s Jr - Absolute NNN Lease
Fee Simple (Land + Building)
Multi-unit franchisee with 14 locations
Original 20-year lease with about 7 years remaining
• Scheduled rental increases (next increase 2/1/2028)
• (4) 5-year options to extend
Low Price Point
• Replaceable and low rent
• NOI: $90,279.36
Absolute NNN Lease
• Zero landlord responsibilities
Building Size: +/-2,450 Sq. Ft.
Land Size: +/- 0.45 Acres
Excellent real estate fundamentals
• Fronts on White Sands Blvd with over 23,000 VPD
• Located near the intersection of Hwy 70 and Hwy 54
• Nearby retailers include Walmart, KFC, Buffalo Wild Wings, Del Taco, Denny’s, Starbucks, and Wendy’s
High visibility location with large pylon sign
Alamogordo is home to Holloman Air Force Base and White Sands National Monument
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