839 White Sands BlvdAlamogordo, NM 88310

For Sale
$2,480,000

High-traffic, corporate-guaranteed QSR investment.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 5,418 square foot Buffalo Wild Wings restaurant located at 839 S White Sands Blvd, Alamogordo, NM 88310. The property sits on a 0.9-acre lot and benefits from a strong location on a main retail corridor with high visibility and over 18,500 vehicles passing daily. The absolute NNN lease, with a corporate guarantee, provides zero landlord responsibility. The current lease, originally signed December 24, 2013, has a remaining term of approximately 4.1 years, with two five-year renewal options. The lease commenced in 2013 and expires December 31, 2028. The property boasts a 6.25% cap rate and a Net Operating Income (NOI) of $155,000. The asking price is $2,480,000, translating to $457.73 per square foot. Built in 2013, this 100% occupied property is situated in a thriving area with a population exceeding 34,558 within a 5-mile radius and an average household income of $60,000 within 1 mile. The area's strong food and beverage market, exceeding $108,000,000 in 2023 within a 5-mile radius, further enhances the investment potential. The proximity to Hollman AFB, home to over 21,000 military and civilian personnel, and seven hotels within a 1-mile radius, contributes to the consistent high traffic volume. Rent bumps are included in the lease options. This is a rare opportunity to acquire a well-established, high-performing asset with significant long-term growth potential.

Highlights

  • Absolute Net Lease (NNN) with zero landlord responsibilities.
  • Corporate-backed lease with a strong tenant.
  • 9+ years remaining on the lease term, recently extended.
  • Densely populated area: over 34,558 residents within a 5-mile radius, with average household income exceeding $60,000 within 1 mile.
  • High consumer spending: over $108 million in food and alcohol sales within a 5-mile radius in 2023.
  • High visibility location on S White Sands Blvd with 18,500+ vehicles per day.

Property Details for 839 White Sands Blvd

Property type
Other retail properties, Restaurants
Square Feet
5,418 SF
Year Built
2013
Lot Size (sq. ft)
39,204 SF

Location Insight

City
Alamogordo
County
Otero
State
New Mexico
Latitude
32.881314687071
Longitude
-105.96013707483
839 White Sands Blvd, Alamogordo, New Mexico

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839 White Sands Blvd
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