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Property Features • LEASE RATE: $9.00 PSF • LEASE SPACE: 3,300 SF • LEASE TYPE: Per Year • NNN • ZONING: Commercial
El Paseo is one of the densest retail and office corridors in the city of Las Cruces and is the only arterial that connects New Mexico State University with the downtown business district. The subject property enjoys strong traffic counts and excellent visibility from El Paseo. In the immediate area retail users include Pro’s Ranch Market, Albertson’s, Family Dollar, Planet Fitness, Rent-a-Center, and many others. The subject property has many possibilities for both retail and office users alike.
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The typical asking rate per listing is in the $10's per square foot per year. The Las Cruces submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 7% rise in rent.
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