4510 N Main St

Roswell, NM 88201 | 0.7 Acres / 1,900 SF | Investment Property For Sale

$844,000.00


STNL Sprint | Walmart/Sam's Club Outparcel | Low Price Point

Investment Property For Sale

Price $844,000.00
Size 0.7 Acres / 1,900 SF

Additional Information

STNL Sprint
Roswell Place
4510 N Main St, Roswell, NM

 

Offering Summary

Purchase Price: $844,000
Price per Square Foot: $444.21
Net Operating Income: $57,000
Cap Rate: 6.75%
Lease Type: NNN

 

Investment Highlights

  • Low price point – $844,000
  • Building size: +/- 1,900 SF
  • Land size: +/- 0.65 acres
  • About 4 years of lease term remaining
    • Sprint has operated at this location since 2011
    • Significant future increases in base term – 10% rent increases in years 2020 and 2021
  • Strong Sprint operator
    • Universal Wireless, Inc.
    • 100+ locations across several states
  • Premier location
    • Walmart and Sam’s Club outparcel
  • Drive-thru capable site
    • Building and site positioned for future use with drive-thru
    • Provides excellent future flexibility and value
  • Strategically located on Main St., the major thoroughfare in Roswell, with more than 15,600 cars per day
  • Dense retail corridor
    • Neighboring tenants include O’Reilly Auto Parts, Hobby Lobby, Panda Express, and McDonald’s, among others
  • Roswell is the 5th largest city in New Mexico
    • 65,000+ trade area population

Location

Cole Flanagan, CPA, MBA

Partner
505.338.4107

Jake Mechenbier

Senior Advisor
505.338.4186

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