PRIME WALMART ANCHORED SPACE SURROUNDED BY GROWTH & MORE!

Retail-Commercial for Lease
Also listed as Office
Catylist Listing ID: 30360614
Property Subtypes: Mixed Use, Street Retail, Other
Contiguous Space: 2,000 SF
Gross Building Area: 9,060 SF
Gross Land Area: 40,511 SF
Lease Rate: $18 - 24 PSF (Annual)
Base Monthly Rent: $3,000 - 4,000
Lease Types: NNN
Usable Size (USF): 9,060 SF
Last Updated: 1/17/2019

Overview / Comments

This is preferred location with a lot in the way of compelling opportunity. It sits in a growth corridor where the surrounding area population growth is well above average as compared to any other sectors of the community. Well over half of the significant housing growth in the area is also happening within three miles or less of this location if not half of this radius. The location also offers great access to the highest percentage of discretionary spenders in the Las Cruces area. The immediate area consumer base is very diverse. Over 50% of the one mile radius consist of a high percentage of professionals and single households that are financially active with spending index numbers well above the national average. Twenty five percent of this one mile population consists of up and coming families that also have above national average spending potential and primarily absorb newly built housing. These two dynamics also dominate the three mile radius landscape. The high percentage of this population own their own home, are active in planning for their retirement, and have a wide variety of home improvement needs in addition to the wide variety of retail concepts this site could justify. Due to the growing population numbers a wide large number of retail gaps exists related to supply and demand for several concepts. When you combine this location with the fact it is directly across the street from a newly built Walmart and a wide variety of other iconic national and regional based concepts the location as a whole simply just adds. Give us a call today to discuss unlocking this properties full potential. We would love to help you make it happen.

Expand All Available Space

Suite: 1 2,000 SF $18 - 24 PSF (Annual) NNN
Space Available: 2,000 SF
Lease Rate: $18 - 24 PSF (Annual)
$3,000 - 4,000 (Monthly)
Lease Type: NNN
Date Available: 12/17/2018
Space Type: New
CAM Expenses $3.50 PSF (Annual)

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Taxing Authority: Dona Ana County
Tax ID/APN: R0228749
Zoning: PUD
Retail Clientele: General, Family, Business, Other
Property Visibility: Good
Airports: ELP & Las Cruces International
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2015
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, Satellite, Dialup, Other
Interior Description: currently in a shell form
Zoning Description: Planned Unit Development subject to the guidelines of the City of Las Cruces
Part of Planned Development?: Yes
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Dona Ana County Account R0228749

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 47,176 102,556
Median Age: 35.42 34.67
Households: 18,499 40,167

Contact

Photograph of Listing Agent

Kary Bulsterbaum

Steinborn/TCN Commercial Real Estate
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS® - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.