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Nysha Lynn, Sales Associate
FOR SALE
$6,300,000

206-250 Mills Avenue
Las Vegas, NM 87701

Retail, Business Opportunities
Residence
3.68
Lot Size
Courtesy: EXP Realty LLC5055543873
Mills Plaza offers investors the unique opportuinty 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 36.2%. 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.
1061334
Retail, Business Opportunities, 1 Story
San Miguel
3.68 Acres
1
Stucco
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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.

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Transit Score

Courtesy: EXP Realty LLC5055543873
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Southwest Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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