Listed by RJL Real Estate Consultants
$1,862,000
2603 N Main St - Mattress Firm Sale-Leaseback
Details
Property Type Retail
Sub Type Commercial
Square Footage 5,995
Cap Rate 7.25%
NOI $135,000
Tenancy Single
Brand/Tenant Mattress Firm
Lease Type NNN
Lease Term 5
Lease Options Two (2) Five year renewal options
Lot Size (SqFt) 25,265
Investment Type Sale/Leaseback
2603 N Main St, Las Cruces, NM 88011
Investment highlights
- Sale-leaseback of free standing Mattress Firm.
- Large Franchisee with 15 locations.
- Site located on one of Las Cruces’ main retail arterials, N. Main St.
- Immediate proximity to future 75 AC mixed use development, Royal Crossing
Listing Contacts
Listed by RJL Real Estate Consultants
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$135,000.00
$11,250.00/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
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