1651 Main St SW

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