CVS Drug Store with NNN
For Sale
Contact for pricing
940 N Main Street, Las Cruces, NM 88001
Retail property opened in 2015 and subject to a long-term triple-net lease with no landlord responsibilities.
Property SizeContact for details
Days on Market145
Property Features for 940 N Main Street
General Information
Standard status
Active
Property subtype
Retail
Building Details
Year Built
2015
Tenancy
Single
Listing Agency:
Thomas Company
Listed By:
Jeffrey Thomas · License #WA 116180
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 29 at 7:40PM
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 Thomas Company
Investment Insights
Based on property information with market context.
This CVS drug store at 940 N. Main Street in Las Cruces, New Mexico, was newly constructed and opened for business in 2015. The property is subject to a 25-year triple-net lease, with no landlord responsibilities and no rent holidays stated in the lease terms.
The asset is offered free and clear of debt. Its established retail use, branded occupancy, and long-term NNN structure provide a straightforward profile for buyers seeking a leased drug store property.
The asset is offered free and clear of debt. Its established retail use, branded occupancy, and long-term NNN structure provide a straightforward profile for buyers seeking a leased drug store property.
Key Highlights
- CVS drug store at 940 N. Main Street in Las Cruces, NM 88001
- Newly constructed and opened for business in 2015
- 25‑year triple‑net lease in place
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,372
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
Questions? Ask Rey
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- Genoa Healthcare — 100 W Griggs Ave Suite P1, Las Cruces, NM 88001
- Stone Oak Collective — 128 N Campo St, Las Cruces, NM 88001
Frequently Asked Questions
What type of property is this?
Drug store - Retail property opened in 2015 and subject to a long-term triple-net lease with no landlord responsibilities.
Where is this drug store located?
The property is located at 940 N Main Street Las Cruces, NM.
What are key features of this property?
This property features: CVS drug store at 940 N. Main Street in Las Cruces, NM 88001; Newly constructed and opened for business in 2015; 25‑year triple‑net lease in place
