804 White Sands Blvd Alamogordo, NM 88310

Property Details for 804 White Sands Blvd

Year built

1975

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.29 lot acres

Property size

3,240 SF

Property type

Turn key restaurants

APN

01N4055094095237

APU

01N4055094095237

Description

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.

Location Insight

City

Alamogordo

County

Otero

State

New Mexico

Longitude

-105.96

Latitude

32.898

CBSA code

10460

CBSA name

ALAMOGORDO, NM MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments