Net-Leased Sports Retail
For Sale
$6,300,000
2230 N Telshor Blvd, Las Cruces, NM 88011
Freestanding, single-tenant Sportsman’s Warehouse is net-leased in a 26,763 SF retail building off I-25 and N. Telshor Boulevard.
Property Size26,763 SF
Price / SF$235.40
Days on Market97
Property Features for 2230 N Telshor Blvd
General Information
Standard status
Active
Size
26,763 SF
Property subtype
Retail
Site & Location
Traffic Count
63,137 vehicles/day
Highway Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Las Vegas
Listed By:
Adam Malan · License #63542
(702) 727-3778
Source:
Colliers
Added: Jul 26
Changed: Oct 25
Last Checked: Oct 28 at 4:40AM
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 Las Vegas
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Investment Insights
Based on property information with market context.
Colliers exclusively presents a single-tenant, net-leased Sportsman’s Warehouse located at 2230 N Telshor Blvd in Las Cruces, NM. The property is a freestanding retail building totaling 26,763 SF, currently occupied under a net lease.
The site is positioned off of I-25 and N. Telshor Boulevard, with combined traffic counts of 63,137 VPD. The tenant is Sportsman’s Warehouse (NASDAQ: SPWH), an outdoor specialty retailer offering outdoor sporting gear and supplies, along with gunsmithing services.
This offering provides a straightforward, owner-occupied-structure retail investment format with one operating tenant in a dedicated freestanding building.
The site is positioned off of I-25 and N. Telshor Boulevard, with combined traffic counts of 63,137 VPD. The tenant is Sportsman’s Warehouse (NASDAQ: SPWH), an outdoor specialty retailer offering outdoor sporting gear and supplies, along with gunsmithing services.
This offering provides a straightforward, owner-occupied-structure retail investment format with one operating tenant in a dedicated freestanding building.
Key Highlights
- Single‑tenant, net‑leased Sportsman’s Warehouse in a freestanding 26,763 SF retail building
- Located off I‑25 and N. Telshor Boulevard with combined traffic counts of 63,137 VPD
- Sportsman’s Warehouse (NASDAQ: SPWH) outdoor specialty retailer carrying sporting gear and supplies
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$217,166
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,343,320
$4.3M
Cap Rate 7%
$3,102,371
$3.1M
Cap Rate 9%
$2,412,956
$2.4M
Market Conditions
NOI Build-Up for 26,763 SF
Gross rent
$337.2K $12.60/SF
− Vacancy
−$27.0K −$1.01/SF
EGI
$310.2K $11.59/SF
− OpEx
−$93.1K −$3.48/SF
NOI
$217.2K $8.11/SF
Area
Las Cruces, NM
Vacancy
8.00%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,343,320
Cap Rate 7%
$3,102,371
Cap Rate 9%
$2,412,956
Alternative Uses
Best Use
Retail
$3.10M
$2.71M – $3.62M
NOI $217,166 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.68M
$4.10M – $5.46M
NOI $327,836 @ 7.0% cap · market cap 5.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
63,137 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
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Business Placement
Demographics for 88011, NM
32,885
Population
15,160
Households
2.2
Avg Household Size
43
Median Age
55%
College-Educated
95%
High-School Grad
251.7 sq mi
ZIP Area
131
Density / Sq Mi
$75,139
Median Household Income
$43,093
Median Earnings
$1,053
Median Rent
$315,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Freestanding, single-tenant Sportsman’s Warehouse is net-leased in a 26,763 SF retail building off I-25 and N. Telshor Boulevard.
Where is this retail space located?
The property is located at 2230 N Telshor Blvd Las Cruces, NM.
What is the asking price?
The asking price for this property is $6,300,000.
What are key features of this property?
This property features: Single‑tenant, net‑leased Sportsman’s Warehouse in a freestanding 26,763 SF retail building; Located off I‑25 and N. Telshor Boulevard with combined traffic counts of 63,137 VPD; Sportsman’s Warehouse (NASDAQ: SPWH) outdoor specialty retailer carrying sporting gear and supplies
