Retail NNN Investment Property–8% cap rate!!!

Retail-Commercial for Sale
Catylist Listing ID: 30268225
Property Subtypes: Free-Standing Building, Street Retail, Other
Building Size (RSF): 1,100 SF
Sale Price: $180,000
Unit Price: $163.64 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Natural RX
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 5/15/2018

Overview / Comments

Real estate only–state licensed medical cannabis dispensary available for purchase. 4 years remaining on NNN lease with minimal landlord responsibility. $14,400 NOI with increase to $15,600 in 2020. Newly renovated building in 2018 with abundant parking and great visibility on the main corridor through Socorro.

Current Tenants

Tenant Business Name Natural RX

Additional Details

Nearest MSA: Albuquerque
County: Socorro
Zoning: C-1
Property Visibility: Excellent
Largest Nearby Street: I-25
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Renovated: 2018
Zoning Description: C-1
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,121 5,745 8,104
Median Age: 35.35 31.46 33.69
Households: 552 2,322 3,273

Contact

Photograph of Listing Agent

Mark Thompson

Cauwels & Stuve Realty and Development Advisors
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS® - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.