1155 El Paseo Rd Las Cruces, NM 88001-6027

This exceptional investment opportunity presents a fee-simple, single-tenant, absolute NNN leased property featuring a Long John Silver's restaurant. Located at 1155 El Paseo Rd, Las Cruces, NM 88001, this 2,813 square foot building sits on a 28,119 square foot lot in a prime C2 Community Commercial zoned area. The property boasts a strong operational history, having been in operation for 24 years at this location, and recently underwent renovations in 2018. The current lease with the largest Long John Silver's franchisee (operating approximately 52 stores) has six years remaining, with four additional five-year renewal options. The property offers a compelling 6.91% cap rate, generating a net operating income (NOI) of $62,149 annually, with a sale price of $900,000 ($319.94/sq ft). Built in 1975, this one-story building benefits from a 100% occupancy rate and features both dine-in and drive-thru service. Its strategic location on the hard corner of El Paseo Road and Utah Ave places it within an established business district near downtown Las Cruces and New Mexico State University (NMSU), ensuring consistent customer traffic. Rent bumps are included in the lease terms. This is a core, absolute net investment offering a secure and profitable return.