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Free standing fast food drive through leased to nation's largest Little Caesar's franchisee - over 250 locations in 5 states and 2 countries.
This Little Caesars leased asset is a rare opportunity for a discerning investor to purchase high quality real estate with a drive through along White Sands Blvd. in the bustling community of Alamogordo in southern NM. Alamogordo is the center of services for Holloman Air Force Base and White Sands National Monument.
Approximately 3% rent increases every 2 years!
Over 32,000 Cars Per Day pass this property.
1,910 SF building on 0.28 Acres with excellent signage, parking and access.
Located 1 hour from both Las Cruces, NM and El Paso TX, Alamogordo has approximately 35,477 people in the MSA with an average annual income of $53,015. Alamogordo is busting community growing at a rapid clip of 6.68% over the past 3 years with projected growth rates exceeding 7% over the next 3 years.
Alamogordo is home to Holloman Air Force Base and White Sands Missile Range with an annual civilian & military pay roll of over $200M and an estimated economic impact of $450M.
White Sands Blvd. is the primary commercial corridor in Alamogordo and is the location of nearly all services in the city. This property serves over 250 businesses within a 1 mile radius. This property has excellent visibility, ingress, egress and signage. - Tenancy: Single Tenant
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On average, listings lease in the $0's per square foot per year. The Alamogordo region is experiencing a decline in rates. In the last 3 months, the median rate decreased $18 per sqft per year. That's a 100% decrease in rent.
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