Retail Commercial Real Estate in Las Cruces, New Mexico (NM)

Sale Retail

500 S Telshor Blvd

500 S Telshor Blvd, Las Cruces, NM 88011

$3.3M
5,780 SF building
1 ac

Investment Summary:Tenant: LongHorn Steakhouse (Darden Inc.)Address: 500 S Telshor Blvd | Las Cruces, NMPrice: $3,300,000Cap Rate: 5.00%NOI: $165,000Term: 10 YearsLease Type:Absolute NNN Ground Lease. Tenant pays taxes directly. Corporate lease structure, memorandum of lease recorded. Pegasus Retail proudly presents the opportunity to represent a corporate-backed (Darden Restaurants [NYSE: DRI]) ground lease investment operated as LongHorn Steakhouse.Lease Type:Absolute NNN Ground Lease. Tenant pays taxes directly. Corporate lease structure, memorandum of lease recorded.Long-term contractual income10% rent escalations every five yearsAbsolute NNN Ground LeaseNo landlord responsibilitiesStrong corporate credit tenancy30-year total lease term potentialRenewals Options: 4 X 5 YearsLand Area: +/-1.33 AcresThe Dominant Hard Corner in Las CrucesRent Commencement - 2027

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Lease OfficeRetail

642 S Alameda Blvd, Suite B | Office/Retail Space

642 S Alameda Blvd, Las Cruces, NM 88005

$15 SF/year
1,300 SF
5,300 SF building
1 ac

Suite B at 642 S. Alameda Blvd offers ±1,300 SF of flexible office or retail space at a prominent corner location in Las Cruces. Featuring seven rooms, a private entrance, and a private restroom, this full-service lease includes utilities, taxes, and insurance for a predictable monthly cost. This is a practical, affordable space for a professional office, wellness practice, personal service business, or small retailer. ±1,300 SF flexible office or retail spaceFull-service lease ($1,625/month) with utilities, taxes, and insurance includedPrivate front entrance with seven rooms off a central hallway. The large front room suits a reception area, retail display, or open workspace, with additional rooms for private offices, treatment rooms, or storage.On-building and monument signage availableConvenient location near Downtown Las Cruces at El Molino Blvd and South Alameda Blvd

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Lease RetailOffice

1405 S Valley Dr | Valley Vista Plaza

1405 S Valley Dr, Las Cruces, NM 88005

$20 SF/year
1,400 – 1,500 SF
2 Spaces

Valley Vista is a premier retail development located at 1405 South Valley Drive in Las Cruces. Positioned at the corner of Valley Drive and Avenida de Mesilla, the center offers high traffic counts, exceptional visibility, and close proximity to Interstate 10. This established retail hub provides a strong, high-volume environment for retail or professional tenants. Situated at one of the busiest retail intersections in the trade areaExcellent proximity and easy access to Interstate 10Anchored by Aaron's and Kids Kare Dentistry with major regional pad tenants including T-Mobile, Fillmore Eye Clinic, Village Inn, MountainView Urgent Care, and Dutch Bros

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Lease RetailOffice

Professional office/medical/retail space | 4160 Northrise Dr

4160 Northrise Dr, Las Cruces, NM 88011

$31 SF/year
1,305 – 2,035 SF
9,852 SF building
2 ac
2 Spaces

Located in one of the most active retail/office areas of Las CrucesOver 70% of new residential permits last year were for homes in the two neighboring districts: Sonoma Ranch and Metro VerdeSpaces can be leased together or separatelyNew constructionBuilding is in “Shell” conditionReasonable buildout included, or tenant improvement allowance provided

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Lease Retail

Restaurant-Ready Space Across Walmart Supercenter | 3330 Rinconada Blvd

3330 Rinconada Blvd, Las Cruces, NM 88011

$25 SF/year
1,850 SF
9,000 SF building
1 ac

Available for lease at 3330 Rinconada Blvd, this ±1,850 SF restaurant-ready space sits directly across from the Walmart Supercenter with strong visibility and convenient access to Highway 70. Nearby national tenants include Wendy's, Taco Bell, Panda Express, and Walgreens, and proximity to Doña Ana Community College and two elementary schools supports consistent daily traffic from surrounding neighborhoods and students. ±1,850 SF restaurant-ready spaceExcellent visibility in a high-growth corridorSituated directly across from Walmart SupercenterLocated near Doña Ana Community College (DACC)Surrounded by established national franchises and retail, such as Sally Beauty Supply, Wendy’s, Taco Bell, Walgreens, and moreQuick, convenient access to Highway 70

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Lease OfficeRetail

1300 El Paseo Rd

1300 El Paseo Rd, Las Cruces, NM 88001

$9.5 SF/year
7,700 SF
61,232 SF building
6 ac

Five (5) national tenantsCenter is located at lighted intersection and fronts on El Paseo Rd, which is one of the major North/South thoroughfares in the cityCenter is anchored by Planet Fitness and other junior anchors that include The UPS Store, H&R Block, State Farm, and Metro by T-MobileAmple parking with multiple convenient access pointsIdeal for retail, medical, or professional office usersOne suite available:Suite #388 | $9.50 / SF (NNN) | ± 7,700 SF

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