Investment Property Single Tenant NNN

Retail-Commercial for Sale
Catylist Listing ID: 30728606
Building Size (RSF): 2,765 SF
Gross Building Area: See Agent
Sale Price: $615,215
Unit Price: $222.50 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 7/23/2021

Overview / Comments

Building size: +/- 2,765 SF 
Lease term: 3 years, 6 months, starting April 1, 2021 
LendNation has been a Tenant at this location for 15 years
Cap Rate: 8%
NOI: $49,217 (Does not include additional rent) 
*Additional rent- present value of $426.33 per month over a term of 3 1/2 years (as of May 1,2021- $14,751.22 which is to be added to the purchase price)
This investment property is located on El Paseo Drive, the main north/south thoroughfare in Las Cruces. The tenant is a subsidiory of QC Holding, Inc. which is a publicly traded company. LendNation, formerly known as Nationwide offers a variety of loans and money services to its customers in 12 states.  

Attachments & Media

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Tax ID/APN: 4008136006217

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,171 74,570 104,588
Median Age: 30.79 33.76 35
Households: 6,015 30,322 41,937


Photograph of Listing Agent

Jacob Slavec

NAI 1st Valley
Photograph of Listing Agent

Randy McMillan

NAI 1st Valley Realty CARNM CIE Member
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