4157 White Sage Arc Las Cruces, NM 88011
- Retail properties
- 5,500 SF
- 0.82 lot acres
Current Use by Public Records
- Retail properties
Property Details for 4157 White Sage Arc
- Year built
- 2023
- Lot size
- 0.82 lot acres
- Property size
- 5,500 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 5,500 square foot Sherwin-Williams storefront located at 4157 White Sage Arc, Las Cruces, NM 88011. The property, built in 2023, sits on a 0.82-acre lot and boasts a 100% occupancy rate with a strong corporate guarantee from Sherwin-Williams (NASDAQ: SHW). The current lease, commenced May 31, 2023, has a remaining term of 8.5 years, expiring May 30, 2033, with 10% rent increases every five years and multiple renewal options (4 and 5-year options). The property generates a substantial net operating income (NOI) of $163,200, resulting in a compelling 5.60% cap rate. This new construction features Sherwin-Williams' newest prototype design. The location benefits from high visibility and traffic counts, exceeding 54,850 cars daily along Highway 70. It's situated near major residential developments, including Metro Verde and Sonoma Ranch master-planned communities, representing 65% of new home construction in Las Cruces. Furthermore, the property enjoys proximity to a Walmart-anchored shopping center with tenants such as Dollar Tree, Panda Express, Dutch Bros Coffee, and Walgreens. The surrounding area has a population of 97,674 within a 5-mile radius, projected to grow by 6% by 2028. The property also includes a 10-year roof warranty. This is a rare opportunity to acquire a high-performing, net-leased retail property with a blue-chip tenant in a rapidly growing market.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Las Cruces
- County
- Doña Ana
- State
- New Mexico
- Longitude
- -106.741
- Latitude
- 32.3702
