Brazito Plaza
Las Cruces, New Mexico

Benefits:

  • 200,000 people in the trade area, with a below National average unemployment rate
  • Home of New Mexico State University with 18,500 students
  • Only 40-minute drive to El Paso
  • Attractive long-term fixed rate loan
  • Recent renewals of key anchors including Rent-A-Center and Dollar Tree
  • 68% of income from National credit tenants
  • 58% of tenants have been at the center for more than 7 years
  • Major street improvements in front of center are now complete
  • Albertson’s sales exceed $500 psf
  • Adjacent Pro’s Ranch market is open and draws customers to the intersection.
  • Ability to add square footage
  • Key anchor tenant’s (Factory 2 U) rent is considerably under market
  • NNN and rents are very reasonable
  • Near two Super Wal-Marts