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Retail Center with Grocery Anchor
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1215 El Paseo Rd, Las Cruces, NM

Retail center anchored by grocery store and junior co-tenants.

Space Size5,000 SF
Lot Size6.40 Acres
Days on Market540

Property Features for 1215 El Paseo Rd

General Information

Standard status Active
Size 5,000 SF
Lot size 6.40 Acres
Property subtype RETAIL
Lease Type NNN

Spaces For Lease

at 1215 El Paseo Rd Contact us

1215 El Paseo Rd $10/SF/Yr

Floor
Bldg
Size
5,000 SF
Type
RETAIL
Lease Type
NNN
Availability
AVAILABLE, Now
Sublease
No
- Grocery anchored retail center with junior co-tenants such as dd’s Discounts,...
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Listing Agency: NAI 1st Valley Realty
Listed By: Stephanie Maddox · License #42802
Source: Moodyscre
Added: Mar 24, 2025 Changed: Sep 9 Last Checked: Sep 13 at 6:50AM

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 NAI 1st Valley Realty

Investment Insights

Based on property information with market context.

This retail center is anchored by a grocery store and includes junior co-tenants such as dd’s Discounts, Rent-A-Center, Dollar Tree, and Ross. The property is situated in a high-traffic area, offering excellent visibility. Nearby retailers include Arby’s, Circle K, Wendy’s, Walgreens, and Planet Fitness.

Key Highlights

  • Grocery anchored retail center
  • High traffic location provides excellent visibility
  • Junior co‑tenants include dd’s Discounts, Rent‑A‑Center, Dollar Tree, and Ross

Property Analytics

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Current Use

Shopping centers

Suggested Use

Top Pick Big Box & Wholesale Store Grocery & Convenience Store Building Supply Electrical Service HVAC Service Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,692
Businesses Nearby
Well-served
Demand for This Use
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Las Cruces, NM

$12.8 /SF/Yr
Avg Asking Price
$10–$20 /SF/Yr
Price Range
38,073 SF
Avg Space Size

This space is priced 22% below the average of $12.8 /SF/Yr.

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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Frequently Asked Questions

What type of property is this?
Shopping center - Retail center anchored by grocery store and junior co-tenants.
Where is this shopping center located?
The property is located at 1215 El Paseo Rd Las Cruces, NM.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: Grocery anchored retail center; High traffic location provides excellent visibility; Junior co‑tenants include dd’s Discounts, Rent‑A‑Center, Dollar Tree, and Ross
(575) 639-3504 Call to check price and availability
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