NNN MOB Las Cruces, NM

The lease was executed in March 2019
The initial term is 12 years, lease expires on March 14, 2031
Five Year Option - March 2031 - March 2036
Tenant Pays Insurance Premiums
Tenant Pays Real Estate Taxes
Tenant Pays a 3% Management Fee.
Tenant pays 100% of operational costs, including janitorial / cleaning and utility costs. .

Class A Building constructed in 2018
Minimal Landlord Obligations
A single-tenant medical office building located next to the region's largest hospital offers unparalleled advantages, including proximity and convenience, a strong referral network, collaborative opportunities, enhanced reputation, access to hospital amenities, and networking and professional development prospects. These highlights make it an appealing choice for healthcare professionals and organizations seeking a prime location for their medical practices, which should create strong future demand to renew the current lease at the end of the term or find new a new tenant.

The subject property is located between the Rehabilitation Hospital of Southern New Mexico and Mountainview Regional Medical Center, which is a 186-bed facility that provides a broad range of more than 50 medical specialties.
Located in a rapidly growing area, East Lohman Avenue serves as a main artery to the city and a direct connection to Interstate 25.

Las Cruces is a beautiful and growing community nestled in the Organ Mountains and mesas of southern New Mexico. Rich with history, culture, and natural beauty. Las Cruces has all the perks of a small town and city living.
Las Cruces is located 45 minutes away from the El Paso International Airport, making travel to and from the area convenient. The City of Las Cruces is making investments in the local international airport.
New Mexico State University (NMSU) is located in Las Cruces and is one of the largest employers. Other Major employers include the federal government at nearby White Sands Test Facility, White Sands Missile Range, and Mountain View Regional Medical Center. Spaceport America is Located 44 miles north of Las Cruces and is the headquarters for Virgin Galactic.
With a population just over 111,000, Las Cruces is the second largest city in the state, after Albuquerque, and the seat of Dona Ana County (population 221,000). Las Cruces has a growth rate of 14.1%, according to the 2020 census. The city is large enough to offer a variety of housing, entertainment, and recreational options, including a thriving arts scene, annual festivals, national parks, and a wide range of outdoor activities.

The Borderplex region is a vibrant and rapidly expanding area that spans three states and two nations. With a population of over 2.5 million, this dynamic region is characterized by its unique blend of cultures, economic opportunities, and diverse communities.
Being a part of the Borderplex brings numerous advantages to Las Cruces and its residents. The region's strategic location along the border of multiple states and nations fosters cross-border trade and commerce, creating a thriving business environment. This geographical advantage enables companies to tap into a larger market, access a diverse customer base, and engage in international trade, resulting in increased economic growth and job opportunities for the local population.