Shopping Center with NNN
For Sale
Contact for pricing
1205 El Paseo Rd, Las Cruces, NM 88001
Multi-tenant retail center with national retailers, signalized access, and an available former restaurant area for future repositioning.
Property SizeContact for details
Days on Market144
Property Features for 1205 El Paseo Rd
General Information
Standard status
Active
Property subtype
Retail
Occupancy
82%
Site & Location
Anchor Co-Tenants
Albertson's, Ross
Road Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
NAI 1st Valley
(575) 521-1535
Listed By:
Cheryl Reome · License #NM 16447QB
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 29 at 4:50PM
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
Investment Insights
Based on property information with market context.
Brazito Plaza is a multi-tenant shopping center in Las Cruces anchored by Albertson’s, which is not included in the sale. The property serves a retail corridor along El Paseo Road and offers access from Idaho Avenue and Utah Avenue. The majority of tenants are national retailers, and the center’s leases are NNN. Ross was scheduled to open mid-2023.
The center is located just over 1 mile from New Mexico State University, which has an enrollment of over 21,000 students. Nearby businesses include Walgreens, Planet Fitness, Arby’s, Circle K, Wendy’s, AutoZone, Taco Bell, and O’Reilly’s. Occupancy is hovering around 82%. A vacated Village Inn area is identified for potential pad sale, ground lease, or redevelopment.
The center is located just over 1 mile from New Mexico State University, which has an enrollment of over 21,000 students. Nearby businesses include Walgreens, Planet Fitness, Arby’s, Circle K, Wendy’s, AutoZone, Taco Bell, and O’Reilly’s. Occupancy is hovering around 82%. A vacated Village Inn area is identified for potential pad sale, ground lease, or redevelopment.
Key Highlights
- Shopping center anchored by Albertson’s, which is not included in the sale
- All tenant leases are NNN, with the majority of occupants being national retailers
- Just over 1 mile from New Mexico State University, with enrollment of over 21,000 students
Property Analytics
Current Use
Lease Details
82%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,692
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 88001, NM
36,831
Population
16,985
Households
2.2
Avg Household Size
30
Median Age
29%
College-Educated
83%
High-School Grad
11.1 sq mi
ZIP Area
3,318
Density / Sq Mi
$32,978
Median Household Income
$23,195
Median Earnings
$797
Median Rent
$158,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant retail center with national retailers, signalized access, and an available former restaurant area for future repositioning.
Where is this shopping center located?
The property is located at 1205 El Paseo Rd Las Cruces, NM.
What are key features of this property?
This property features: Shopping center anchored by Albertson’s, which is not included in the sale; All tenant leases are NNN, with the majority of occupants being national retailers; Just over 1 mile from New Mexico State University, with enrollment of over 21,000 students
