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Dollar Tree 2510 W Picacho Ave 10,100 SF Retail Building Las Cruces, NM 88007 $1,605,000 ($158.91/SF) 7.71% Cap Rate
Investment Highlights
- 7.25% YIELD ON INVESTMENT WITH 7+ YEAR CORPORATE LEASE (NASDAQ: DLTR)
- ADJACENT TO MIDDLE/HIGH SCHOOL WITH 2,000+ STUDENTS AND LESS THAN 5 MILES FROM NEW MEXICO STATE UNIVERSITY (22,000+ STUDENTS)
- NEWER CONSTRUCTION IN A STRATEGIC TRADE AREA
- FRONTAGE ALONG WEST PICACHO AVE SEEING OVER 16,800 VEHICLES PER DAY
- LARGE 1 ACRE PARCEL WITH AMPLE PARKING AND CONVENIENT INGRESS/EGRESS
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,100 SF
Building Class
B
Year Built
2023
Price
$1,605,000
Price Per SF
$158.91
Cap Rate
7.71%
NOI
$123,724
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.00 AC
Zoning
C2
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Dollar Tree
- -
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Dollar Tree | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-41811 | Improvements Assessment | $162,069 |
| Land Assessment | $67,430 | Total Assessment | $229,499 |
Property Taxes
Parcel Number
02-41811
Land Assessment
$67,430
Improvements Assessment
$162,069
Total Assessment
$229,499
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Dollar Tree | 2510 W Picacho Ave
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