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2611 N Telshor Blvd

6,321 SF Retail Building Las Cruces, NM 88011 $4,685,490 CAD ($741 CAD/SF) 7% Cap Rate

Restaurants New Mexico Las Cruces 2611 N Telshor Blvd, Las Cruces, NM 88011

Investment Highlights

  • LONG-TERM INVESTMENT OPPORTUNITY
  • ABSOLUTE NNN INVESTMENT – ZERO landlord responsibilities
  • total of $740,000 has been invested in enhancements, including a new indoor/outdoor patio, an updated exterior building finish, new flooring,etc
  • BRAND NEW 15-YEAR LEASE TO BE SIGNED AT CLOSE OF ESCROW
  • ATTRACTIVE 5% RENT INCREASES EVERY 5 YEARS
  • 2023 STORE SALES – $3,019,132 – 7.63% rent to sales ratio

Executive Summary

Kyle Matthews
License No. 19601 (NM)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Attachments

Ruby Tuesday - 2611 N Teleshor Blvd - Las Cruces - NM

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,321 SF
Building Class
B
Year Built
2006
Price
$4,685,490 CAD
Price Per SF
$741 CAD
Cap Rate
7%
NOI
$327,984 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.14 AC
Zoning
M1
Parking
70 Spaces (11.07 Spaces per 1,000 SF Leased)
Frontage
44 ft on Telshor Blvd

Amenities

  • Freeway Visibility

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Accommodation and Food Services
  • -
  • -
  • Net
  • -

Ruby Tuesday, Inc., together with its subsidiaries, engages in the development, operation, and franchise of casual dining restaurants. Ruby Tuesday, Inc. has over 540 Ruby Tuesday brand restaurants in 40 states, 11 foreign countries, and Guam. Their Company-owned and operated restaurants are concentrated primarily in the Southeast, Northeast, Mid-Atlantic, and Midwest of the United States, which they consider to be their core markets.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Accommodation and Food Services - - Net -

Links

1 of 1

Nearby Major Retailers

Starbucks
IHOP
Curves
Dutch Bros
Blake's LotaBurger
Rudy's "Country Store" & Bar-B-Q
Outback Steakhouse
Albertsons

PROPERTY TAXES

Parcel Number 02-28001 Improvements Assessment $133,735 CAD
Land Assessment $161,498 CAD Total Assessment $295,232 CAD

PROPERTY TAXES

Parcel Number
02-28001
Land Assessment
$161,498 CAD
Improvements Assessment
$133,735 CAD
Total Assessment
$295,232 CAD
(925) 719-9649

Contacts

  • Listing ID: 33075668

  • Date on Market: 2024-09-05

  • Last Updated:

  • Address: 2611 N Telshor Blvd, Las Cruces, NM 88011

The Retail Property at 2611 N Telshor Blvd, Las Cruces, NM 88011 is currently available for sale. Contact Matthews Real Estate Investment Services for more information.

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2611 N Telshor Blvd, Las Cruces, NM for sale Building Photo- Image 2 of 4
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2611 N Telshor Blvd
(925) 719-9649 x

2611 N Telshor Blvd

1/2

Belall Ahmed

(925) 719-9649

(925) 719-9649

Chuck Evans

(925) 319-4035

(925) 319-4035

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