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
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
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