The subject property is a 10,656-square foot bank owned, multi-tenant retail center in Las Vegas, New Mexico. The center is 86 percent occupied by Sears and Studio Fuego and both tenants are on month-to-month terms. The building was constructed in 1990 and sits on 1.157 acres.
The subject property fronts Seventh Street, also known as State Road 518, which is a major north/south thoroughfare. Other neighboring retailers include K Bob’s Steakhouse, Pizza Hut, Verizon, Rent-a- Center, Aaron’s, Wendy’s, Arby’s, Walgreens, Little Caesar’s Pizza, McDonald’s, Taco Bell, Sonic, Domino’s Pizza, Lowe’s grocery store and others. There are approximately 16,800 residents within five miles of the property.
