STNL Sportsman's Warehouse

Colliers is pleased to present for sale a single-tenant, net-leased Sportsman’s Warehouse located at 2230 N. Telshor Boulevard in Las Cruces, New Mexico. Built in 2016 and sitting on a 2.52-acre parcel, this freestanding retail asset comprises approximately 26,763 SF under roof. The property is encumbered by a recently renewed 10-year NNN lease with two five-year renewal options and fixed rent escalations, offering a long-term income stream backed by Sportsman’s Warehouse (NASDAQ: SPWH).

Offered at $6,700,000, the asset delivers a year one net operating income of $468,620 and reflects a 7.0 percent cap rate, providing an attractive yield for value-oriented investors seeking a stabilized retail play with built-in rent growth. As a single-tenant retail investment, it benefits from minimal landlord responsibilities and predictable cash flow under full-service NNN lease terms.

Strategically positioned at the signalized intersection of I-25 and North Telshor Boulevard, the site commands combined traffic counts of approximately 63,137 vehicles per day. The property enjoys prominent pylon and building signage and is surrounded by a strong co-tenant lineup that includes Sam’s Club, Lowe’s, Kohl’s, Telshor Allen Theatres, Starbucks and multiple Hilton and Marriott hotels—enhancing visibility and population draw.

The trade area encompasses roughly 160,329 residents within a 10-mile radius, with an average household income of $83,074. Just four miles south lies New Mexico State University (approximately 15,400 students) and the Pan American Center (±13,140 capacity), further strengthening daytime and evening demand. The broader El Paso–Las Cruces MSA exceeds 2.7 million residents and generates over $45 billion in annual GDP, underpinned by diversified education, healthcare and defense sectors. This Sportsman’s Warehouse represents a rare, fully leased net-lease opportunity in a high-growth Southwestern market.