STNL Sportsman's Warehouse
2230 North Telshor Boulevard, Las Cruces, NM
$7,800,000
Price
6%
Cap Rate
$468,512
NOI
Overview
Description
Colliers is pleased to exclusively represent a single-tenant, net leased Sportsman’s Warehouse located in Las Cruces, NM. This ±26,763 SF freestanding building is strategically located off of the I-25 and N. Telshor Boulevard with combined traffic counts of ±54,262 VPD. Sportsman’s Warehouse (NASDAQ: SPWH) is an outdoor specialty retailer that carries outdoor sporting gear, gunsmithing, and supplies for camping, hiking and birdwatching.
The property benefits from a NNN lease with fixed rent increases and options. With excellent access, signage, and visibility, the trade area is surrounded by well recognized national co tenants such as Sam’s Club, Lowe’s, Kohl’s, Telshor Allen Theatres, Starbucks, and several Hilton and Marriott hotels. The subject property services ±156,326 residents with an average annual household income of ±$71,859 within a 10-mile radius and is located in one of the most vital shopping and business districts in the region. The asset is just 4-miles away from New Mexico State University (±11,575 students) and the Pan American Center with ±12,515 stadium seats.
Rick Stoes
Colliers International
NM #20755
Highlights
- National Credit Tenant (NASDAQ: SPWH)
- NNN Lease with Fixed Increases and Options
- Frontage along I-25 and Telshor Blvd. (+/- 54,262 VPD)
- Excellent visibility and pylon signage from the freeway
- Strong Trade Area and Nearby Co-Tenants
Documents
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Offering Memorandum |