829 White Sands Blvd Alamogordo, NM 88310-7248

This exceptional investment opportunity presents a fee-simple Carl's Jr. property in Alamogordo, New Mexico. The 2,450 square foot building sits on a 0.45-acre lot on White Sands Boulevard, a major thoroughfare with over 23,000 vehicles per day. The property benefits from a strong location near numerous national retailers including Walmart, McDonald's, Buffalo Wild Wings, and Wendy's, ensuring high visibility and consistent traffic. The current tenant, a multi-unit franchisee operating 14 locations across southern New Mexico and El Paso, is under an absolute NNN lease with zero landlord responsibilities. The lease commenced February 1, 2013, and has a remaining term of approximately 8.2 years, with a lease expiration date of January 31, 2033, and four 5-year renewal options. The asking price is $1,289,700, representing a cap rate of 7.00% and a net operating income (NOI) of $90,279. The property's strategic location near Holloman Air Force Base and White Sands National Monument further enhances its investment appeal. Scheduled rent increases are built into the lease, with the next increase scheduled for February 1, 2028. This property offers a compelling combination of passive income, long-term lease security, and a prime location in a thriving retail corridor. The low price point and replaceable tenant make this a highly attractive investment opportunity.