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1690 S SOLANO DR Las Cruces NM 88001-5407

[Locked] • APN 02-31717

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Details
Property Type Retail
Sub Type Convenience Store, Storefront
Building SqFt 7,815
Lot SqFt 27,443
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code C2
Year Built 2005
Building Count 1
Opportunity Zone No
Sale NOI ******
Sale Cap Rate ******
Lease Type ******
Lease Term ******

Property History

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Property Type
Property Type
Retail
Property Subtype
Convenience Store, Storefront
Asking Details
Asking Cap Rate
******
Marketing Description

Investment Highlights
  • 7,815 SF Freestanding Single-Tenant Family Dollar Situated on 0.63 Acres

  • Double Net (NN) Lease | Minimal Landlord Responsibilities | Ideal Investment Opportunity For a Passive Investor

  • Long-Term Historical Occupancy | Family Dollar Has Occupied The Site Since 2004

  • No Options Remaining | Well Below Market Rent At Only $10.90/ SF | Long-Term Upside Potential

  • One Of Family Dollar's Top-Performing Locations Nationwide | 99th Percentile via Placer.Ai | #1 Store In The State Of New Mexico

  • Strong Reporting Store Sales | Contact Agent For More Details

  • RARE Dollar Store Demographics | Average Household Income In a 5-Mile Radius Exceeds $66,000 | Population Exceeds 112,000 People In a 5-Mile Radius

  • Excellent Visibility With Two Points Of Access At The Lighted Intersection Of S Solano Dr and Missouri Ave | Traffic Counts Exceeding 31,000+ VPD

  • Corporate-Backed Lease From Family Dollar Stores, INC

  • 1.5 Miles To New Mexico State University | ±14,779 Students Enrolled

  • 45 Miles To El Paso, TX

  • In Addition To Base Rent, Landlord Shall Receive a Percentage Rent In The Amount Of 3% Of Gross Sales In Excess Of $2,129,600

Loan History

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Financial History

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****** Data
Net Operating Income
******
Reporting Date
******

Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Sold on
 BY:
DB
Deno Bistolarides PRO
•••.•••.0288
•enob@••••••••••.com
Brokerage logo
Sold on
 BY:
NY
Nick Yaldo PRO
•••.•••.5644
••aldo@••••••••••.com
Brokerage logo
Sold on
 BY:
RV
Ryan Vinco PRO
•••.•••.0299
ryan@••••••••••.com
Brokerage logo
Sold on
 BY:
BB
Brian Brockman PRO
•••.•••.1551
•rian@••••••••••.com
Brokerage logo

Map

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