1807 E 10 St
Alamogordo, NM 88310
Planet Fitness | Alamogordo, NM · Retail Property For Sale

There are fourteen (14.1) years remaining on the lease term, plus two (2), five (5) year options. The lease provides for 10% rental increases every five (5) years. The lease is guaranteed by ECP-PF Holdings Group, Inc., one of the largest Planet Fitness franchisees with 107 locations in CT, NY, NM, AZ and western Canada. The lease structure is double net (NN), with minimal landlord responsibilities. Tenant is responsible for roof HVAC, maintaining CAM and parking, and payment of all taxes, utilities, and insurances. There are 33,159 residents located in the five (5) mile demographic ring. The average household income in the three (3) mile demographic ring is $60,396. The subject property is surrounded by significant big box tenants including Walmart Supercenter, Albertsons, Ace Hardware, Subway, Dollar General, Walgreens and Petsense, among many others. The City of Alamogordo is the county seat of Otero County. Alamogordo is located along the southern portion of Highway 54 approximately 215 miles south of Albuquerque and 90 miles northeast of El Paso, Texas. Alamogordo is the 10th largest city in the state of New Mexico and was ranked in the top 5 Best Places to Live in New Mexico by AreaVibes.com. Click the following link to learn more: https://www.areavibes.com/best-places/new+mexico/ Alamogordo is located just 15 miles (15 minutes) from the White Sands National Monument, one of the world’s great natural wonders. The glistening white sands and wave like dunes of white gypsum cover 275 square miles of the desert and is the world’s largest gypsum dune field.