- For Sale $1,951,000
- Property Type Retail
- Property Size 2,400 SF
- Lot Size 0.33 Acre
- Cap Rate % 8.6
- NOI / YR 167760
- Year Built 1979
- Year Renovated 2022
- Date Updated Nov 7, 2023
- HIGH YIELDING INVESTMENT – Property is being offered at a Year-1 in place cap rate of 8.60%
- STRONG OPERATOR – The parent company, Schwazze, boasts a successful track record as a multi-state operator, presently managing operations across New Mexico and Colorado. With an impressive portfolio of over 62 dispensaries, 6 cultivation facilities, and 4 manufacturing facilities, Schwazze has demonstrated market dominance. Notably, they have showcased a year-over-year (YOY) growth in Revenue and Adjusted Gross Profit Margin, coupled with a reduction in corporate SG&A, leading to a noteworthy adjusted EBITDA Margin of 34.7% for Q2’3 TTM.
- FAVORABLE RENTAL INCREASE – 10% every 5-Years providing investors with a hedge against inflation.
- LONG LEASE-TERM REMAINING – The lease’s base term extends for over 9 years, providing investors a stable and predictable income stream for the foreseeable future.
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Attachments
False
Contacts
Location
Getting Around
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Walk Score ®
64/100
Somewhat Walkable
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Bike Score ®
51/100
Bikeable
- City Alamogordo, NM
- Zip Code 88310
- Market El Paso
Points of Interest
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Alon
0.03 miles
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Murphy Express
0.14 miles
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Valero
0.47 miles
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Shell
0.49 miles
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Phillips 66
0.73 miles
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Save-o-Mat
0.78 miles
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Circle K
1.31 miles
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Speedway
1.70 miles
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Allsups
1.76 miles
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Speedway
1.83 miles
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Alameda Zoo parking
0.71 miles
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Taiwan Kitchen
0.04 miles
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Domino's
0.04 miles
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Long John Silver's
0.10 miles
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A&W
0.10 miles
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Burger King
0.10 miles
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McDonald's
0.14 miles
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Margoes
0.21 miles
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Wendy's
0.25 miles
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Tiger Burger
0.27 miles
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Thai Cuisine
0.29 miles
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Walmart Supercenter
0.26 miles
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Lowe's
0.78 miles
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Albertsons
1.09 miles
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Doller Tree
1.84 miles
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Natures Pantry
2.35 miles
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Walmart Neighborhood Market
2.49 miles
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Ross
2.81 miles
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Marshalls
2.83 miles
Frequently Asked Questions
What is the lease rate for 101 White Sands Blvd?
Rental asking rate at 101 White Sands Blvd is $975,500.00/YR.
What is the total square footage of 101 White Sands Blvd?
101 White Sands Blvd totals 2,400 square feet.
When was this property built?
101 White Sands Blvd was built in 1979.
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