DIVERSIFIED MIX, HIGH SPENDING INDEX & RETAIL GAPS

Shopping Center for Lease
Also listed as Retail-Commercial, Office
Catylist Listing ID: 30019565
Property Subtypes: Mixed Use, Neighborhood Center, Strip Center, Other
Contiguous Space: 3,180 SF
Gross Building Area: 9,677 SF
Lease Rate: $11.32 PSF (Annual)
Base Monthly Rent: $2,999
Lease Types: NNN
Usable Size (USF): 9,677 SF
Last Updated: 8/17/2017

Overview / Comments

Well over 50% of the local Las Cruces home building activity and continued area growth continues to happen and start at the Highway 70 & I-25 interchange and moves further along Highway 70 as the area develops. This location offers a great mixture of business to include but is not limited to: eateries, specialized retail stores, financial services, state offices, medical concepts and others. The surrounding area also offers very attractive additional retail,entertainment, and business concepts that only supplement the area growth and potential. The surrounding area within a one and three mile radius is well diversified in terms of a consumer base of all ages, income levels, and demographic makeup. The spending index potential within this radius is well above national averages for certain demographics. Gaps in demand versus the retail services offered within the area continue to attract good retail tenants and beyond. Within just a one mile radius of this location the following retail gaps apply:

$6 million plus in food and beverage
$13 million plus grocery gap
$1 million plus specialty food cap
$2.5 million plus clothing gap
$5 million plus general merchandise gap

The retail gaps noted are far greater for a three mile radius. This location is very economical by comparison to a lot of alternative area offerings and well suited for your business intentions. A study of the local demographics further indicates that you have a financially active consumer base. This would be an ideal site for a business looking to cater to this element beyond other potential suitors. The available units can furthermore be converted to functional offices if desired. The ownership will also offer improvements for well qualified parties. Please give us a call today to discuss further.

Expand All Available Space

Suite: 7 3,180 SF $11.32 PSF (Annual) NNN
Space Available: 3,180 SF
Lease Rate: $11.32 PSF (Annual)
$2,999 (Monthly)
Lease Type: NNN
Date Available: 1/8/2017
Space Type: Relet
CAM Expenses $2.50 PSF (Annual)

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Taxing Authority: Dona Ana County
Tax ID/APN: 4-008-132-034-275
Zoning: C-3
Property Located Between: Del Rey & Highway 70
Property Visibility: Good
Highway Access: Highway 70 & I-25 Highway 70 & Del Rey
Airports: ELP & Las Cruces International
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1998
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, DSL, Satellite, Other
Zoning Description: C-3 per City of Las Cruces Guidelines
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,932 59,134 104,714
Median Age: 38.8 36.08 34.6
Households: 1,974 23,650 41,627
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