Maintained Shopping Center with NNN
For Sale
$1,197,700
1008 1012 Mills Ave, Las Vegas, NM 87701
Built in 2004, the center includes an anchor tenant and an established three-tenant roster.
Property Size12,925 SF
Price / SF$92.67
Days on Market146
Property Features for 1008 1012 Mills Ave
General Information
Standard status
Active
Size
12,925 SF
Total Parking Spaces
58
Property subtype
Retail
Zoning
GC, LAS VEGAS
Additional Details
Cap Rate
8%
Anchor Co-Tenants
Dollar General
Amenities
Water
Sewer
58 Parking Spaces
Building Details
Year Built
2004
Tenancy
Multi
Listing Agency:
Varela Real Estate Inc
(505) 982-2525
Listed By:
Phillip Varela · License #18075
(505) 982-2525
Source:
Carnm.resimplifi
Added: Apr 8
Changed: Aug 31
Last Checked: Aug 31 at 1:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Varela Real Estate Inc
Investment Insights
Based on property information with market context.
Mills Plaza Shopping Center is a 12,925-square-foot retail property at 1008–1012 Mills Ave in Las Vegas, New Mexico. Constructed in 2004, the center is described as being in very good condition and well maintained. The property has three long-term tenants, including Dollar General as the anchor tenant.
Leases are structured as NNN to the owner, and the property is situated within GC zoning in Las Vegas. The offering reflects an 8% CAP rate. Its tenant roster, established lease structure, and retail center configuration provide the principal operating characteristics presented for this property.
Leases are structured as NNN to the owner, and the property is situated within GC zoning in Las Vegas. The offering reflects an 8% CAP rate. Its tenant roster, established lease structure, and retail center configuration provide the principal operating characteristics presented for this property.
Key Highlights
- 12,925‑square‑foot shopping center in Las Vegas, New Mexico
- Three long‑term tenants, including Dollar General as the anchor tenant
- NNN leases to the owner
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
156k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 26%
Home Improvements & Furnishings 7%
Electronics 2%
McDonald's
Dining
25,796 visits/mo
0.3 miles
SONIC Drive In
Dining
14,500 visits/mo
0.3 miles
Starbucks
Dining
14,486 visits/mo
0.4 miles
Wendy's
Dining
13,643 visits/mo
0.4 miles
Big R
Home Improvements & Furnishings
10,557 visits/mo
0.2 miles
Demographics for 87701, NM
18,387
Population
9,699
Households
1.9
Avg Household Size
42
Median Age
27%
College-Educated
88%
High-School Grad
1,601.8 sq mi
ZIP Area
11
Density / Sq Mi
$48,115
Median Household Income
$29,345
Median Earnings
$756
Median Rent
$169,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Shopping center - Built in 2004, the center includes an anchor tenant and an established three-tenant roster.
Where is this shopping center located?
The property is located at 1008 1012 Mills Ave Las Vegas, NM.
What is the asking price?
The asking price for this property is $1,197,700.
What are key features of this property?
This property features: 12,925‑square‑foot shopping center in Las Vegas, New Mexico; Three long‑term tenants, including Dollar General as the anchor tenant; NNN leases to the owner
