2611 Telshor Blvd Las Cruces, NM 88011-8278

Property Details for 2611 Telshor Blvd

Year built

2006

Construction

FRAME

Lot size

1.14 lot acres

Property size

5,151 SF

Zone code

LT-MANUFACTR

Property type

Turn key restaurants

APN

4-008-132-060-508

APU

4008132060508

Description

This exceptional Las Cruces restaurant presents a compelling investment opportunity. The property, located at 2611 N Telshor Blvd, boasts a 6,321 square foot building constructed in 2006 and currently operating under a single-tenant, absolute NNN lease with 15 years remaining. The lease includes attractive 5% rent increases every five years, ensuring consistent income growth. The property's strong financial performance is evident in its 2023 sales of $3,019,132 and a 7.63% rent-to-sales ratio, generating a Net Operating Income (NOI) of $230,650 and a 7% cap rate. Significant capital improvements totaling $740,000 have been made within the last two years, encompassing a new indoor/outdoor patio, updated exterior, new flooring, bar construction, salad bar, and updated furniture, fixtures, and equipment (FF&E). The experienced management team, in place since 2006, has consistently demonstrated operational success. With a seating capacity of approximately 270, the restaurant is well-equipped to handle large events. This turnkey investment offers a secure, long-term income stream with significant upside potential. The asking price is $3,295,000.

Location Insight

City

Las Cruces

County

Dona Ana

State

New Mexico

Longitude

-106.767

Latitude

32.3455

CBSA code

29740

CBSA name

LAS CRUCES, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments