Las Cruces NM - Wendy's

Description:

Long-Term Absolute NNN Lease.
~10 years remaining with zero landlord responsibilities providing an ideal, management-free investment for out-of-state or passive investors.

Scheduled Rent Increases | Inflation Protection.
Rent is scheduled to increase 7.50% every 5 years, including options, providing protection against inflation.

Robust Historical Sales Performance.
Seasoned location with healthy sales history – contact broker for more information.

Densely Populated and Affluent Trade Area.
Over 71,700 residents and 52,900 employees within a 3-mile radius with an average household income of approximately $61,600, projected to increase to $68,555 by 2030.

High Traffic Location / Excellent Frontage, Visibility & Access.
Ideally located near the hard corner intersection of El Paseo Road and East Idaho Road (26,025 VPD combined) directly in between I-10 (35,213 VPD) and I-25 (44,448 VPD.

Strong Franchisee Guaranty.
Lease is guaranteed by JAE Restaurant Group, one of the largest Wendy’s franchisees with over 223 locations.

Strong Retail Synergy.
Situated in a dense retail area surrounded by major national tenants such as Albertsons, Walmart, Walgreens, dd’s Discounts, Ross Dress for Less, and Crunch Fitness.
2 miles west of Mesilla Valley Mall, a 602,000+ square foot shopping mall anchored by JCPenney, Dillard’s, Barnes & Noble, Conn’s and Allen Theatres Cineport 10.

Major Education Center Proximity.
½ mile north of Las Cruces High School with ~1,800 students enrolled.
1.5 miles north of New Mexico State University with over 16,000 students enrolled.
4.5 miles west of Centennial High School with ~1,664 students enrolled.

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Listing ID: a28TP000001mVXBYA2