Retail or Investment For Sale
2240 E Lohman Ave – NNN Retail Investment
2240 East Lohman Avenue, Las Cruces, New Mexico 88001
Details
- Category Retail or Investment
- Type For Sale
- Sale Price $2,865,635.00
- CAP Rate 6.25%
- Available Space ±9,020 SF
- Lot Size ±1.59 Acres
Description
This retail investment opportunity is located on Lohman Avenue – the main retail corridor in Las Cruces, New Mexico. The property sits adjacent to the #1 Walgreens and McDonald’s in the market. Nearby anchor tenants include Wal-Mart Supercenter, Sprouts, Old Navy, Michael’s, and Hobby Lobby. There is potential upside with tenants paying below market rents for the trade area.
The property is located within the top retail trade area of Las Cruces, which makes this investment attractive to individuals looking for long term stability
• 100% occupied multi-tenant retail shopping center; property is occupied by four tenants with lattering expiration dates
• Current Tenants: Top Crop Cannabis Co., Batteries Plus, Elegant Nails, Sally Beauty
• Excellent visibility from E Lohman Ave – 13,790 VPD
Documents
Listing Brokers
Retail, Investment Properties & Land
Jake Redfearn
- Office575-521-1535
- Mobile575-635-5895
- Emailjake@1stvalley.com
Investment Properties, Receivership Services
Randy McMillan, CCIM, SIOR
- Office575-521-1535
- Mobile575-640-7213
- Emailrandy@1stvalley.com
