$5,900,000

206-250 Mills Avenue, Las Vegas, NM 87701, US

Summary

Style: Retail

Moving Quotes

primary photo for 206-250 Mills Avenue, Las Vegas, NM 87701, US

Remarks

Mills Plaza offers investors the unique opportunity to achieve significant upside in the near term by leasing current vacancies and the newly approved drive-thru pad site. There are currently eleven vacancies, totaling 15,459 square feet, and a 9,000 square foot pad site with drive-thru, available to lease to a quick serve restaurant (QSR), bank, or car wash. Combined they equate to a physical vacancy of 32%. An investor will have the opportunity to increase the NOI by 27%, by leasing half vacant inline suites at $15 per square foot and the pad site at $5.56 per SF.Shopping center spans 58,460 SF on 3.68 acres and includes 9,000 SF padsite. Renovation work underway on vacant units.

Details

MLS#: 1061334
Price: $5,900,000

Style: Retail

County: San Miguel
Tax Fee: 18401.9000000000015

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Broker Contact

EXP Realty LLC
100 Sun Avenue #650
Albuquerque, NM, 87109
US
Marc Guggino
! (505) 554-3873
! nm.broker@exprealty.net

Information is believed to be accurate but should not be relied upon without verification.
Data Provided by Southwest MLS
Last updated: 2024-12-16T12:19:09.000-07:00.
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