Sportsman's Warehouse
STNL Sportsman's Warehouse
Marketing description
Colliers is pleased to exclusively represent a single-tenant, net-leased Sportsman’s Warehouse located in Las Cruces, NM. This ±26,763 SF freestanding building is strategically located off of the I-25 and N. Telshor Boulevard with combined traffic counts of ±63,137 VPD. Sportsman’s Warehouse (NASDAQ: SPWH) is an outdoor specialty retailer that carries outdoor sporting gear, gunsmithing, and supplies for camping, hiking and birdwatching.
The property benefits from a recently renewed NNN lease for a fresh 10-year term, and two (2) 5-Year options with fixed rent increases. With excellent access, signage, and visibility, the trade area is surrounded by well-recognized national co-tenants such as Sam’s Club, Lowe’s, Kohl’s, Telshor Allen Theatres, Starbucks, and several Hilton and Marriott hotels.
The subject property services ±160,329 residents with an average annual household income of ±$83,074 within a 10-mile radius and is located in one of the most vital shopping and business districts in the region. The asset is just 4-miles away from New Mexico State University (±15,400 students) and the Pan American Center with ±13,140 stadium capacity.
The El Paso-Las Cruces MSA is a vibrant part of the local economic region and boasts a combined population of over ±2.7 million residents and more than $45 billion in annual GDP.
Investment highlights
National Credit Tenant | New 10-Year Term
• Sportsman’s Warehouse is publicly traded (NASDAQ: SPWH)
• Fresh 10-Year Term with Two 5-Year Options and fixed rent increases
• Sportsman’s Warehouse carries a loyal following with ±4.9MM Loyalty Members
Strong Trade Area | Notable Points of Interest
• Nearby national co-tenants include Sam’s Club, Lowe’s, Kohl’s, Telshor Allen Theatres, and Starbucks.
• Located 3-miles from MountainView Regional Medical Center (±425 beds)
• Services the University Park area including:
- New Mexico State University (±15,400 Students)
- Pan American Center (±13,140 Capacity)
- Aggie Memorial Stadium (±28,853 Seats)
High-Traffic with Excellent Visibility and Access
• Frontage along I-25 and N. Telshor Blvd. with combined traffic counts of ±63,137 VPD
• US-70 is located immediately north of the property (±40,474 VPD)
• Excellent visibility and pylon signage from the freeway
Strong Demographics | Excellent Trade Economy
• Strong demographics surrounding the site with ±160,329 residents with average annual household incomes of ±$83,074 within a 10-mile radius
• New Mexico exports more than $12 billion in goods globally, supported by energy production, advanced manufacturing, aerospace, and defense industries.
• El Paso-Las Cruces Borderplex region is the 7th largest manufacturing hub in North America
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