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Popeyes 4520 N Sonoma Ranch Blvd 3,347 SF Retail Building Las Cruces, NM 88011 $4,127,459 CAD ($1,233.18 CAD/SF) 5.50% Cap Rate
Investment Highlights
- A fully passive investment with zero landlord responsibilities, as the tenant directly covers all operating expenses.
- This Popeyes location ranks among the best performing stores in New Mexico and nationally, placing #2 out of 14 locations statewide.
- Equipped with a double drive thru, the property is built for maximum order volume and peak-hour efficiency.
- A scheduled seven percent (7.0%) rent increase in June 2027 strengthens the asset’s income profile.
- Secured by a brand-new twenty (20) year lease with approximately sixteen (16) years of firm term remaining.
- Delivered in 2021, the building reflects Popeyes’ newest design standards, modern branding, and an efficient operational layout.
Executive Summary
True Absolute NNN Investment - Long-Term Popeyes Lease
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
3,347 SF
Building Class
C
Year Built
2021
Price
$4,127,459 CAD
Price Per SF
$1,233.18 CAD
Cap Rate
5.50%
NOI
$227,034 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.07 AC
Zoning
C-3 - Commercial
Parking
35 Spaces (10.46 Spaces per 1,000 SF Leased)
Amenities
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 02-42387 | Improvements Assessment | $243,724 CAD |
| Land Assessment | $117,564 CAD | Total Assessment | $361,288 CAD |
Property Taxes
Parcel Number
02-42387
Land Assessment
$117,564 CAD
Improvements Assessment
$243,724 CAD
Total Assessment
$361,288 CAD
Contacts
-
Patrick Wade -
Jack Webber -
Alex Kozakov -
Matthew Greenberg -
Bo Henderson -
Nick Solomon -
Vivian Tran -
CBRE, Inc.
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Popeyes | 4520 N Sonoma Ranch Blvd
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