1000 N Main St

Investment Highlights

Executive Summary

1000 N Main St is located just north of growing downtown Las Cruces. The building encompasses 4,745 sf with three suites and brick/masonry construction. Each suite has its own signage available and the building has a pylon sign as well. The property is walking distance from City Hall, the District Courthouse, and Las Cruces Fire and Las Cruces Police Departments.Stabilized investment offering at 1000 N Main St. just north of downtown Las Cruces. The building is 100% occupied with a weighted average lease term of 32 months remaining (Dec. ?23), across 3 tenants, two of which are on NNN leases. Net Operating Income is $70,608 annually, with a gross income of $81,072.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Retail
• Building Size    4,817
• Building Class    B
• Year Built    1967
• Price    830,000
• Price Per SF    172
• Cap Rate    8.51
• NOI    70,608
• Percent Leased    100
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.34
• Land Acres    0.33 AC