Investment Highlights
New Dutch Bros building with double lane drive under construction - opening May 2024
New Mexico State University ? Las Cruces Campus with over 14,700 students is located within 2-miles
67,642 population and 33,566 employees in 3-mile radius
Minimal Landlord Responsibilities
High traffic intersection (36,584 CPD) within 600 ft; I-10 Fwy (31,172 CPD) within ? mile
Las Cruces-El Paso MSA generates $33 Billion of annual GDP and has a population of 1,095,532
Executive Summary
Velocity Retail Group is pleased to offer this Dutch Bros Coffee net leased investment property located at 1475 S Valley Dr, Las Cruces, NM 88005 (the ?Property?). The +/- 950 SF single tenant drive-thru building is on +/- 28,320 SF street frontage parcel. The Dutch Bros corporate lease includes minimal landlord property maintenance responsibilities.New Mexico State University ? Las Cruces campus, with over 14,794 enrolled students, is located within 2-miles from the Property. Las Cruces High School, with 1,830 students, is located within 1.5 miles. In the 3-mile radius of the Property, the population is 67,642 with an AHHI of $59,004 and median age of 32.1 years. The youthful local population forms an ideal part of the Dutch Bros customer base.The Property is located within a half mile of Interstate 10 (31,172 CPD) and fronts S Valley Dr (18,377 CPD). Hwy 28 (18,207 CPD) is within six hundred feet of the Property. Walmart Supercenter, Albertsons, McDonalds, Planet Fitness, Circle K, and other national retailers located nearby the Property draw a steady stream of consumers to the immediate trade area.The El Paso-Las Cruces MSA generates $33 Billion annual GDP and has a population of 1,095,532. Many aerospace corporations have a significant presence in Las Cruces. Holloman Air Force Base (21,000 Air Force and DoD personnel) and NASA?s White Sands Test facility are within commuter distance of Las Cruces. Other Las Cruces area major employers include Lockheed Martin, General Dynamics Information Technology, Peraton Communications, Space and Technology Solutions, New Mexico State University and Jacobs Engineering. Within a 3-mile of the Property there are 3,737 businesses with 33,566 employees.
