Newly Constructed, Starbucks Anchored Strip Center

1300 S. White Sands Blvd
Alamogordo, NM

Price $2,994,696

NOI $197,650

CAP 6.6 Rentable

SF 5,500 SF

Land Size 1.475 AC

OPPORTUNITY OVERVIEW:

The subject property is a Starbucks anchored, three-tenant strip center totaling approximately 5,500 square feet, situated on 1.475 AC. It is 100% occupied by Starbucks, Wingstop, and Rocky Mountain Cannabis. Tenants in the immediate trade area include Walmart Supercenter, Applebee's, Buffalo Wild Wings, Del Taco, Days Inn by Wyndham, Anytime Fitness, DH Lescombes Winery, and a variety of local vendors.

 

Alamogordo, the county seat of Otero County, NM, is home to 31,000+ residents. This thriving city benefits from a mild climate, proximity to stunning local scenery, as well as Holloman Airforce Base. White Sands National Park alone draws in more than 782,000 visitors every year with a steady tourist population year-round. Holloman Air Force Base, the area’s largest employer, is the second largest overland testing range in the world and is home to many defense research and evaluation programs.

 

Alamogordo is centrally located at the intersection of two four-lane highways: US 70 and US 54. These two highways allow for excellent connection to two major North-South and East-West highways: I-10 and I-25. This well positioned city provides great access to markets in both the Southwestern United States as well as Mexico.

Listing Brokers

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Michael Reneau

michael@ws-cre.com

505-273-7169

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Flora Koller 

flora@ws-cre.com

505-273-7167