This exceptional investment opportunity presents a fee-simple ownership of a Del Taco restaurant in Alamogordo, New Mexico. The 2,524 square foot building, constructed in 2016, sits on a 0.78-acre lot with 31 parking spaces and benefits from a prime location on S. White Sands Blvd, a major retail thoroughfare with 23,100 vehicles passing daily. The property boasts excellent visibility and accessibility, situated within a dense retail corridor alongside other national QSR brands like McDonald's, Burger King, and Taco Bell. The Del Taco franchisee, Diamondback DTNM, LLC, holds a 20-year absolute NNN lease (commencing July 1, 2016, and expiring June 30, 2036), with two 5-year renewal options. The lease includes 2.5% annual rent increases, ensuring consistent NOI growth. The property's strong demographics, including a 5-mile trade area population exceeding 34,800 residents and 12,400 employees, with an average household income of $71,908, further enhance its investment appeal. The current NOI is $125,835, resulting in a 6.65% cap rate. The property is zoned C-3 Business and has an APN of 01N4055095065274. This is a management-free investment opportunity with significant upside potential. The drive-thru feature adds to the property's operational efficiency and customer convenience. The established Del Taco brand, combined with the long-term lease and built-in rent increases, makes this a compelling investment prospect.
Property Features for 804 White Sands Blvd
General Information
Property type
Restaurants
Square Feet
2,524 SF
Lot Size
33,977 SF
Building Details
Year Built
2016
HighLights
Fee simple ownership of a Del Taco restaurant in Alamogordo, NM.
Absolute NNN lease with 11+ years remaining, 2.5% annual rent increases, and two 5‑year renewal options.
Prime location on S. White Sands Blvd, a major retail thoroughfare with 23,100 vehicles per day, alongside other national QSR brands.
Strong demographics: 5‑mile trade area with over 34,800 residents and 12,400 employees, average household income $71,908.
The property is located at 804 White Sands Blvd Alamogordo, NM.
What is the asking price?
The asking price for this property is $1,892,000.
What are key features of this property?
This property features: Fee simple ownership of a Del Taco restaurant in Alamogordo, NM.; Absolute NNN lease with 11+ years remaining, 2.5% annual rent increases, and two 5-year renewal options.; Prime location on S. White Sands Blvd, a major retail thoroughfare with 23,100 vehicles per day, alongside other national QSR brands.
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804 White Sands Blvd Alamogordo, NM 88310
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804 White Sands Blvd Alamogordo, NM 88310
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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.
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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
804 White Sands Blvd Alamogordo, NM 88310
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804 White Sands Blvd, Alamogordo, NM
Greg White
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804 White Sands Blvd, Alamogordo, NM
Greg White
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804 White Sands Blvd, Alamogordo, NM
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804 White Sands Blvd, Alamogordo, NM
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804 White Sands Blvd, Alamogordo, NM
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804 White Sands Blvd, Alamogordo, NM
Greg White
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