Alamogordo, NM - Bealls Anchored Center

Description:

SRS Multi-Tenant Investments is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in Bealls Center, a 40,100 SF Bealls-/Burkes-anchored neighborhood shopping center located at 805 N White Sands Blvd in Alamogordo, New Mexico. The property is 98% leased with a 3.8-year weighted average term remaining per the provided rent roll. The current tenant roster includes a mix of national/regional and service-oriented users such as Bealls, Pet Sense, Hibbett Sporting Goods, H&R Block, and additional locally oriented small-shop tenants. Five of the seven tenants have remaining renewal options, and multiple tenants are currently in renewal option periods, supporting durable in-place cash flow with embedded long term income stability.

Bealls Center is positioned along White Sands Blvd, Alamogordo’s primary retail and service corridor, at the signalized hard-corner intersection of N White Sands Blvd (23,700 VPD) and E 10th St (14,300 VPD), offering excellent visibility and convenient access via multiple points of ingress/egress. The center benefits from strong daily-needs synergy with surrounding uses, including an adjacent Walgreens and a nearby Shell service station. The asset is also supported by major regional demand drivers, including CHRISTUS Health Hospital Alamogordo (98 beds), Holloman Air Force Base (supporting 4,471 service members and 1,006 civilian employees), and White Sands National Park (approximately 729,000 annual visits in 2023), all of which help drive consistent consumer traffic to the trade area. The 5-mile trade area is supported by more than 34,700 residents and 12,600 employees with an average household income of $74,730.

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Listing ID: a28TP000002VLJxYAO