829 S White Sands Blvd
Alamogordo, NM 88310
Carl's Jr. · Retail Property For Sale

Flanagan Investment Real Estate presents a compelling opportunity to acquire a fee simple, single-tenant Carl’s Jr restaurant in Alamogordo, New Mexico. Strategically positioned on White Sands Blvd, the city’s primary commercial corridor, the property benefits from 23,000+ vehicles per day and proximity to major retailers including Walmart, McDonald’s, Buffalo Wild Wings, and Starbucks. The ±2,450 SF building sits on ±0.45 acres and is leased to a seasoned multi-unit franchisee operating 14 locations across southern New Mexico and El Paso.
The lease structure is absolute NNN, offering investors a truly passive income stream with zero landlord responsibilities. The original 20-year lease commenced in 2013 and includes approximately 7 years remaining, with four 5-year renewal options and scheduled rent increases, the next occurring in February 2028. The current NOI is $90,279.36, with a projected increase to $97,501.71 in 2028, delivering a 7.00% cap rate at the asking price of $1,289,700.
Alamogordo is home to Holloman Air Force Base and the White Sands National Monument, contributing to a stable economic base and consistent consumer traffic. The surrounding area features a mix of national retailers, schools, and service providers, reinforcing the site’s long-term viability. With strong real estate fundamentals, a proven operator, and a passive lease structure, this asset is ideal for investors seeking durable cash flow in a high-visibility location.