BBVA Compass 600 9th Street, Alamogordo, NM 88310
Cap Rate 7.50%
Price Per SF $250
Leasable Area 2,884 SF
Term Remaining 4 YRS
Broker of Record
License No. 19601 (NM)
Matthews Retail Group, Inc.
841 Apollo Street. Suite 150, El Segundo, CA 90245
- Top Credit Tenant – BBVA offers a top S&P investment grade credit of “A- “Credit Rating by S&P with a market cap of $42.624B.
- BBVA Compass is among the top 25 largest U.S commercial banks based on deposit market share.
- BBVA Compass Bank is recognized as one of the leading small business lenders.
- This market services one of the nation’s top ranked national parks, the White Sands National Park, which attracts more than 600,000 visitors a year.
- This site is less than a mile from the recently approved, 8.7 Million SF Ultra Health headquarters, the largest cannabis cultivation site in North
- Substantial population growth of nearly 10% over the next 5 years.
- Neighboring tenants include Lowe’s Market, Walgreens, Wells Fargo, Albertsons, Walmart, AutoZone, McDonald’s, Wendy’s, Buffalo Wild Wings, Arby’s and more.
- Proven location – BBVA Compass recently extended their lease.
- Below Market Rent – Opportunity for investor to release the property at significantly higher rents at the end of BBVA Compass’ lease.
- Over 4 years remaining on current term with one more option to extend.