790 E Thorpe Rd, Las Cruces, NM 88007

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Building Details:

• Year Built: 2006

790 E Thorpe Rd is located in Las Cruces, NM.

A very unique income producing property that is well diversified and located in an area where highest and best use may not even be the current uses in place. The property is located just off of the Dona Ana I-25 exit way. It consists of an income producing car wash, ice & water vending unit, and restaurant. The restaurant has a five year lease in place with built in escalations. The car wash consistently has a year over year NOI of $30,000+. The growth from the ice & vending uit has been subtantial with a climbing annual NOI of 35,000+. The restaurant has shown sound business results. They are in the final stages of securing a state issued "beer & wine" license which should further expand thier revenue. Significant gaps exist within a one & three mile radius as it relates to retail supply and demand, most notably in the area of food and general merchandise. The immediate area and beyond is very underserved as it relates to a wide variety of commercial services. The possibilities for retail expansion at this site and increased income are substantial. An additional undeveloped half acre is also included in the asking price. Please take advantage of this sound investment opportunity.