Cap Rate: 6.00%
Square Footage: 26,764
Lot Size: 2.04 AC
Year Built: 2016
The Kase Group is pleased to exclusively offer a corporate guaranteed 26,764 SF Sportsman's Warehouse situated on over 2 Acres in Las Cruces, NM. The property is located with excellent access and visibility along US-25. Built in 2016, Sportsman’s Warehouse initially signed a 10 year Lease with 5.0% increases every 5 years. They have four options (5 years each) with 5.0% increases at each option period.
Las Cruces is the second-largest city in the State of New Mexico and the seat of Doña Ana County. As of the 2020 census the population was 111,385.Las Cruces is the largest city in both Doña Ana County and southern New Mexico. The Las Cruces metropolitan area had an estimated population of 213,849 in 2017. It is the principal city of a metropolitan statistical area which encompasses all of Doña Ana County and is part of the larger El Paso–Las Cruces combined statistical area.