839 White Sands Blvd Alamogordo, NM 88310

Property Details for 839 White Sands Blvd

Year built

2013

Lot size

0.89 lot acres

Property size

5,418 SF

Property type

Turn key restaurants

APN

01N4055095108319

APU

01N4055095108319

Description

This exceptional investment opportunity presents a 5,418 square foot Buffalo Wild Wings restaurant located at 839 S White Sands Blvd, Alamogordo, NM 88310. The property sits on a 0.9-acre lot and benefits from a strong location on a main retail corridor with high visibility and over 18,500 vehicles passing daily. The absolute NNN lease, with a corporate guarantee, provides zero landlord responsibility. The current lease, originally signed December 24, 2013, has a remaining term of approximately 4.1 years, with two five-year renewal options. The lease commenced in 2013 and expires December 31, 2028. The property boasts a 6.25% cap rate and a Net Operating Income (NOI) of $155,000. The asking price is $2,480,000, translating to $457.73 per square foot. Built in 2013, this 100% occupied property is situated in a thriving area with a population exceeding 34,558 within a 5-mile radius and an average household income of $60,000 within 1 mile. The area's strong food and beverage market, exceeding $108,000,000 in 2023 within a 5-mile radius, further enhances the investment potential. The proximity to Hollman AFB, home to over 21,000 military and civilian personnel, and seven hotels within a 1-mile radius, contributes to the consistent high traffic volume. Rent bumps are included in the lease options. This is a rare opportunity to acquire a well-established, high-performing asset with significant long-term growth potential.

Location Insight

City

Alamogordo

County

Otero

State

New Mexico

Longitude

-105.959

Latitude

32.8813

CBSA code

10460

CBSA name

ALAMOGORDO, NM MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments