1651 Main St SW

Los Lunas, NM 87031 | 0.9 Acres / 7,359 SF | Investment Property For Sale

$2,769,000.00


Main Street Shops | 100% Occupied Retail Center

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Investment Property For Sale

Price $2,769,000.00
Size 0.9 Acres / 7,359 SF

Additional Information

Main Street Shops
1651 Main St.
Los Lunas, NM

 

Offering Summary

Purchase Price: $2,769,000
NOI: $207,681
Cap Rate: 7.5%
Lease Type: NNN

 

Investment Highlights

  • 100% occupied retail center
  • New construction
  • Building size: ±7,359 SF
  • Land size: ±0.88 acres
  • Significant in-place cash flow
    – 7.5% Cap with a 5% vacancy factor
  • Premier location
    – Irreplaceable real estate – site is located in the heart of the main retail corridor of Los Lunas
    – Neighboring retailers include Home Depot, Lowe’s, Starbucks, Burger King, and McDonald’s among many others
  • Significant traffic counts with excellent visibility
    – Over 30,000 cars per day on Main St.
    – Large pylon signage on Main St.
  • Diverse mix of national, regional, and local tenants with staggered lease rollovers
  • NNN leases with minimal landlord responsibilities
  • Los Lunas is thriving and growing
    – Services all of Valencia County and outlying communities as far south as Socorro
    – Facebook’s multiple datacenters are being built in Los Lunas with over $1 billion in investment

Location

Cole Flanagan, CPA, MBA

Partner
505.338.4107

Jake Mechenbier

Senior Advisor
505.338.4186

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