This exceptional investment opportunity presents a 5,418 square foot Buffalo Wild Wings restaurant located at 839 S White Sands Blvd, Alamogordo, NM 88310. The property sits on a 0.9-acre lot and benefits from a strong location on a main retail corridor with high visibility and over 18,500 vehicles passing daily. The absolute NNN lease, with a corporate guarantee, provides zero landlord responsibility. The current lease, originally signed December 24, 2013, has a remaining term of approximately 4.1 years, with two five-year renewal options. The lease commenced in 2013 and expires December 31, 2028. The property boasts a 6.25% cap rate and a Net Operating Income (NOI) of $155,000. The asking price is $2,480,000, translating to $457.73 per square foot. Built in 2013, this 100% occupied property is situated in a thriving area with a population exceeding 34,558 within a 5-mile radius and an average household income of $60,000 within 1 mile. The area's strong food and beverage market, exceeding $108,000,000 in 2023 within a 5-mile radius, further enhances the investment potential. The proximity to Hollman AFB, home to over 21,000 military and civilian personnel, and seven hotels within a 1-mile radius, contributes to the consistent high traffic volume. Rent bumps are included in the lease options. This is a rare opportunity to acquire a well-established, high-performing asset with significant long-term growth potential.
Property Features for 839 White Sands Blvd
General Information
Property type
Restaurants
Square Feet
5,418 SF
Lot Size
39,204 SF
Building Details
Year Built
2013
HighLights
Absolute Net Lease (NNN) with zero landlord responsibilities.
Corporate‑backed lease with a strong tenant.
9+ years remaining on the lease term, recently extended.
Densely populated area: over 34,558 residents within a 5‑mile radius, with average household income exceeding $60,000 within 1 mile.
High consumer spending: over $108 million in food and alcohol sales within a 5‑mile radius in 2023.
High visibility location on S White Sands Blvd with 18,500+ vehicles per day.
The property is located at 839 White Sands Blvd Alamogordo, NM.
What is the asking price?
The asking price for this property is $2,480,000.
What are key features of this property?
This property features: Absolute Net Lease (NNN) with zero landlord responsibilities.; Corporate-backed lease with a strong tenant.; 9+ years remaining on the lease term, recently extended.
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839 White Sands Blvd Alamogordo, NM 88310
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Cap approach
Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.
Comparable approach
Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.
Relative
Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.
Geo
Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels
across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.
Alternative use
Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.
More about this property
839 White Sands Blvd Alamogordo, NM 88310
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839 White Sands Blvd, Alamogordo, NM
Deno Bistolarides
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839 White Sands Blvd, Alamogordo, NM
Deno Bistolarides
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839 White Sands Blvd, Alamogordo, NM
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839 White Sands Blvd, Alamogordo, NM
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839 White Sands Blvd, Alamogordo, NM
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to 839 White Sands Blvd Alamogordo, NM 88310
839 White Sands Blvd, Alamogordo, NM
Deno Bistolarides
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