Net-Leased Restaurant on Telshor
For Sale
Contact for pricing
775 S Telshor Blvd., Las Cruces, NM 88011
Net-leased Wing Daddy's restaurant on Telshor Blvd with multiple renewal options remaining on the current term.
Property SizeContact for details
Days on Market124
Property Features for 775 S Telshor Blvd.
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Traffic Count
20,459 vehicles/day
Road Access
Yes
Additional Details
Cap Rate
7%
Building Details
Tenancy
Single
Listing Agency:
NAI 1st Valley
(575) 521-1535
Listed By:
Randy McMillan · License #NM 6572
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 3:28PM
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.
Wing Daddy's opened in November 2014 and operates as a net-leased conventional restaurant concept. The initial lease term is 10 years, with approximately 7 years remaining, including a 10% increase in year 8 and additional 10% increases every five years thereafter. The lease includes two (2) remaining years on the initial term and four (4) options to renew for five (5) years.
The property is located in Las Cruces, New Mexico on Telshor Blvd, across from Mesilla Valley Mall. Telshor Blvd is listed at 20,459 VPD, supporting strong visibility and convenient access in a retail and dining corridor.
The offering includes current NOI of $89,461.08 and a stated 7% cap rate. The lease is guaranteed by all owners of Wing Daddy's Sauce House.
The property is located in Las Cruces, New Mexico on Telshor Blvd, across from Mesilla Valley Mall. Telshor Blvd is listed at 20,459 VPD, supporting strong visibility and convenient access in a retail and dining corridor.
The offering includes current NOI of $89,461.08 and a stated 7% cap rate. The lease is guaranteed by all owners of Wing Daddy's Sauce House.
Key Highlights
- Net lease restaurant with cap rate listed as 7% and current NOI of $89,461.08
- Lease includes 2 years left on the initial 10‑year term, plus four (4) renewal options for five (5) years each
- Scheduled rent increases: 10% in year 8 and 10% increases every 5 years thereafter; rent increase of 21% within 8 years
Property Analytics
Property Profile
Current Use
Lease Details
20,459 VPD
Traffic count
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,328
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Net-leased Wing Daddy's restaurant on Telshor Blvd with multiple renewal options remaining on the current term.
Where is this conventional restaurant located?
The property is located at 775 S Telshor Blvd. Las Cruces, NM.
What are key features of this property?
This property features: Net lease restaurant with cap rate listed as 7% and current NOI of $89,461.08; Lease includes 2 years left on the initial 10‑year term, plus four (4) renewal options for five (5) years each; Scheduled rent increases: 10% in year 8 and 10% increases every 5 years thereafter; rent increase of 21% within 8 years
